Tag Archives: production

A view of the Tesla service centre in Singapore July 16, 2022. REUTERS/Chen Lin It will be make-or-break for Tesla (TSLA) come Wednesday after the bell, as the electric vehicle maker releases its second quarter earnings report. The Street is expecting Tesla to report That revenue figure would represent a 2.5% drop from a year ago, which is not that severe considering the production issues Tesla experienced during Q2 due to COVID-related shutdowns at its Shanghai Gigafactory. On the profitability… Source link

WASHINGTON (Reuters) -Weapons maker Lockheed Martin Corp plans to nearly double production of Javelin missiles, the antitank weapon that has helped Ukraine fight Russia’s invasion, Chief Executive Officer James Taiclet said in an interview on Sunday. The aim is to boost output to 4,000 per year from 2,100 per year currently, Taiclet said in an interview with CBS News. The increase will take as long as a couple of years, he said. U.S. President Joe Biden last week visited a Lockheed facility in… Source link

(Reuters) – Electric vehicle maker Rivian Automotive Inc said on Tuesday it is on track to achieve its production target of 25,000 vehicles this year, sending its shares up 2.4% in extended trading. The company said it had made 2,553 vehicles and delivered 1,227 cars in the first quarter. It produced 1,015 vehicles and delivered 920 last year after starting deliveries of its R1T pickup truck towards the end of the third quarter. Rivian said last month that supply-chain issues could cut its… Source link

The bad news flywheel continues to be spinning in warp speed at Peloton (PTON).  Shares of Peloton crashed 22% to $26 on Thursday after a CNBC report that the struggling fitness company would temporarily halt production of its bikes and treadmills due to sluggish consumer demand. Shares fell below the company’s September 2019 IPO price of $29.  The company will reportedly stop producing its bikes for two months and treadmills for six weeks.  A Peloton spokeswoman didn’t return Yahoo… Source link

Ford (F) shares closed at their highest level in 21 years after the automaker announced it would nearly double production capacity to meet demand for its upcoming F-150 Lightning electric pickup truck.  Ford’s stock gained 12% and was the No. 1 trending ticker on Yahoo Finance during the trading session on Tuesday. The Dearborn, Michigan, based company has surpassed GM (GM) and Rivian (RIVN) in market capitalization as it pushes further into the EV space.  “It’s very exciting to announce… Source link

Weber’s secret weapon in its most recent quarter is one they have relied on time and time again to perform well in periods of high supply chain stress (such is the case now). Making more grills and components where the products end up being sold, says Weber CEO Chris Scherzinger. “We are the only major grill brand who makes our own grills and do it locally in the continent,” Scherzinger said on Yahoo Finance Live. Weber operates three manufacturing facilities in Illinois that handle metal… Source link

Tesla (TSLA) CEO Elon Musk says the real test for newly public electric vehicle startup Rivian (RIVN) will be high volume production and breakeven cashflow.  In a reply to a Twitter follower, Musk wrote: “I hope they’re able to achieve high production and breakeven cash flow.” He went on to say there have been hundreds of automotive startups, but “Tesla is [the] only American carmaker to reach volume production & positive cash flow in past 100 years.” Rivian went public this Wednesday reaching… Source link

Google is planning a major increase in its smartphone shipments with the impending launch of the Pixel 6, according to Nikkei. The Japanese publication says that Google has ordered more than 7 million Pixel 6 smartphones to be produced, roughly doubling its entire 2020 production. Nikkei cites figures from IDC saying that Google produced 3.7 million phones last year. And according to Nikkei, it’s not just the Pixel 6 that’ll account for the boost in shipments — the lower-end Pixel… Source link

Late Monday night, Google filed for a court order to produce documents from longtime Google critic Luther Lowe, as part of its ongoing federal antitrust case, US vs. Google. The motion arises from an apparent breakdown in negotiations between Google and Lowe’s employer, Yelp. Yelp has agreed to document production from a number of its employees, but has resisted on Lowe in particular, leaving Google to ask the court for a subpoena that would compel email archives and other documents.

Saying Ford is driving head on into a future of electric vehicles may be an understatement. Think more along the line of hauling a-–.  The Detroit-based auto giant said Monday it will partner with SK Innovation to invest $11.4 billion to construct two “mega-sites” — one in Tennessee and the other in Kentucky — that will build electric trucks and batteries. Ford’s portion of the investment — $7 billion — is the largest manufacturing investment in the company’s 118-year-old… Source link