Output/Production
Fisker Shares Jump 27% as Ocean EV Deliveries Set for Spring Launch
Fisker Shares Jump 27% as Ocean EV Deliveries Set for Spring Launch
Tesla reports record deliveries, but numbers are still shy of analysts’ targets
Tesla Inc. reported record quarterly deliveries on Sunday. but the number still disappointed analysts. Tesla said it produced over 365,000 vehicles in the just-completed third quarter, and made more than 343,000 deliveries. That was a significant rebound from the second quarter, when it reported nearly 259,000 vehicles built and 255,000 deliveries, with production stunted by … Read more
Nike stock drops 10% as execs predict cheaper clothing for at least the rest of the year
Shares of Nike Inc. plunged as much as 10% after hours Thursday, after the athletic-gear giant’s executives said price-cutting efforts to flush off-season clothing from warehouses in North America would dent gross margins for the rest of its fiscal year and warned of a big potential hit from the stronger dollar. Management also said they … Read more
Apple Stock Drops on Report iPhone Production Hike Scrapped, Chip Stocks Hit Too
Shares of Apple and its key suppliers fell Wednesday on a report that said the tech giant was scrapping plans to increase production of its latest iPhones this year due to weaker-than-expected demand. Apple (ticker: AAPL) stock was down 3.9% in premarket trading and shares in some of the company’s U.S. suppliers also were under … Read more
Ford stock drops more than 4% as supply costs to jump by $1 billion, parts shortages to leave more cars unfinished
Ford Motor Co. shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers. Ford F, +1.43% said it expects to have between 40,000 and … Read more