(Reuters) -The Federal Aviation Administration’s (FAA) audit of Boeing’s 737 MAX production process after a panel blew off on an Alaska Airlines jet in January failed 33 of 89 tests, the New York Times reported on Monday. In the wide-ranging investigation, Boeing failed a check which dealt with the component that blew off the jet, known as a door plug, the report said, citing an FAA presentation viewed by NYT. Supplier Spirit AeroSystems, which makes the fuselage for the MAX, passed six of 13… Source link
Read More »Tesla stock drops on Q4 earnings miss, warns production growth rate will be ‘notably lower’ than 2023
Tesla (TSLA) reported Q4 earnings that missed estimates and issued a downbeat full-year production outlook that weighed on the stock, though CEO Elon Musk did confirm that the company’s next-gen vehicle will be coming in the second half of 2025. For the fourth quarter, Tesla reported top-line revenue of $25.17 billion vs. $25.87 billion (est.), however revenue rose approximately 3% from a year ago. From a profitability standpoint, Tesla reported adjusted EPS of $0.71 vs $0.73 (est.) and… Source link
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