Electric F-150 was so popular Ford started building another factory:
businessinsider.com/ford-electric-f150-lightning-popular-building-another-factory-next-door-2022-12
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| Last Updated | Dec 04 22 |
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Tesla to cut 14,000 jobs as Elon Musk aims to make carmaker ‘lean and hungry’: Billionaire says ‘there is nothing I hate more’ than cutting staff as more than ...
theguardian.com/technology/2024/apr/15/tesla-cut-jobs-elon-musk-staff
Tesla shares tumble below $150 per share, giving up all gains made over the past year
apnews.com/article/tesla-stock-elon-musk-electric-vehicles-a58609b126ba5f5b7655f6049ecb27f1
Quick Glance: Tesla Shares Plummet Below $150, Erasing Year's Gains
- Tesla's stock tumbled below $150 per share, erasing all gains made in the past year, reflecting falling sales and deep discounts to attract buyers.
- Shares of Tesla have fallen by 12.4% this week and over 39% this year, accompanied by a global staff reduction of 10% amounting to around 14,000 jobs.
- Tesla's stock hit an all-time high in November 2021 but sales plummeted last quarter due to increased competition and failed price cuts to bolster demand.
- Anticipated lower first-quarter earnings for Tesla raise concerns about potential catalysts to reverse the stock decline amidst uncertainties surrounding the release of a new affordable electric vehicle and strategic shifts within the company.
Tesla profits have plummeted. Elon Musk remains all-in on robotaxis: Tesla's sales are down. It's slashing car prices and laying off staff. Yet CEO Elon Musk ...
npr.org/2024/04/23/1246643864/tesla-earnings-elon-musk-robotaxi
Quick Glance: Tesla: Prices Reduced in Germany - Musk's Strategies
- Tesla lowers prices in Germany to increase inventory and sales.
- Elon Musk addresses price complaints and emphasizes the need for flexible pricing.
- Buyers of Tesla vehicles during expensive phases may face depreciation.
- Tesla implements additional measures to boost sales, such as price cuts in the USA and adjustments in the Supercharger network.
Tesla to lay off nearly 2,700 employees in Texas factory, notice shows: Tesla will lay off 2,688 employees at its Texas factory, the electric vehicle maker said ...
reuters.com/business/autos-transportation/tesla-lay-off-nearly-2700-employees-texas-factory-notice-shows-2024-04-23/
Quick Glance: Tesla to Lay Off Nearly 2,700 Employees in Texas Factory
- Tesla will lay off 2,688 employees at its Texas factory, as indicated in a notification.
- The layoff was done under the WARN Act, a U.S. labor law requiring companies with 100+ employees to notify ahead of planned closings or mass layoffs.
- Tesla announced that the layoffs will begin on June 14, amidst falling sales and an escalating price war.
- The global job cuts include 285 employees in Buffalo, New York, as part of another round of layoffs cutting over 10% of jobs.
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck: Tesla is recalling 3,878 of its 2024 Cybertrucks after it discovered that the ...
ctvnews.ca/autos/tesla-recalling-nearly-4-000-cybertrucks-because-accelerator-pedal-can-get-stuck-1.6854090
Quick Glance: Tesla Cybertrucks Recall Issued
- Tesla responds to defective accelerator pedals in nearly 3,900 Cybertruck pickups causing unintended acceleration.
- The recall involves Cybertruck vehicles manufactured between November 2023 and April 2024.
- An unauthorized use of soap during the accelerator pedal assembly likely led to the defect.
- Tesla voluntarily recalled the vehicles on April 12 due to two customer complaints.
Toyota Prius Recalled Because the Rear Doors May Open When the Car Is in Motion: 2023-24 Prius hybrids and Prius Prime PHEVs are under recall. Water can ...
consumerreports.org/cars/car-recalls-defects/toyota-prius-recall-rear-doors-may-open-when-car-in-motion-a3801485577/
Driver arrested over multi-vehicle accident in Tampines that killed two people: SINGAPORE: A 42-year-old car driver has been arrested for dangerous driving ...
channelnewsasia.com/singapore/tampines-accident-driver-arrested-two-killed-4284941
Tesla shares drop on price cuts in run-up to earnings: Tesla fell more than 3% in premarket trade on Monday, as its latest global price cuts fanned Wall Street ...
reuters.com/business/autos-transportation/tesla-shares-drop-price-cuts-run-up-earnings-2024-04-22/
Ford just reported a massive loss on every electric vehicle it sold: Ford’s electric vehicle unit reported that losses soared in the first quarter to $1 ...
cnn.com/2024/04/24/business/ford-earnings-ev-losses/
The 2024 Ford F-150 Lightning Electric Pickup Is Getting a Lot Cheaper: This 2024 Ford F-150 Lightning gets a $5,000-plus price reduction on some trims ...
motortrend.com/news/2024-ford-f-150-lightning-electric-pickup-getting-lot-cheaper/
2 children dead, 15 people injured after vehicle crashes into building holding child's birthday party
abcnews.go.com/US/michigan-swan-boat-club-vehicle-birthday-party-crash/story
Quick Glance: Sibling Fatally Hit by Car at Birthday Party
- A young brother and sister died, and several people were injured, some seriously, when a vehicle driven by a suspected drunken driver crashed into a young child's birthday party at a boat club in Berlin Township, Michigan, on Saturday.
- An 8-year-old girl and her 5-year-old brother died in the crash, as a 66-year-old woman drove about 25 feet into the building, according to Monroe County Sheriff Troy Goodnough.
- Three children and six adults were taken to hospitals with life-threatening injuries, while others received first aid on site and some were transported by private vehicles.
- The driver was taken into custody and is suspected of operating a vehicle under the influence of alcohol causing death. Further charges may be pending as the investigation continues.
Tesla recalling nearly 4,000 Cybertrucks because accelerator pedal can get stuck: Tesla is recalling nearly 4,000 of its 2024 Cybertrucks after it discovered ...
chicagotribune.com/2024/04/19/tesla-cybertruck-recall/
Chinese EV battery maker CATL unveils LFP battery with 1,000 km range: Chinese electric vehicle (EV) battery maker CATL on Thursday unveiled a lithium iron ...
reuters.com/business/autos-transportation/chinese-ev-battery-maker-catl-unveils-lfp-battery-with-1000-km-range-2024-04-25/
Central Pa. beer wholesaler prepares to roll out electric freight trucks: The company will acquire eight electric vehicle freight tractors to permanently replace ...
pennlive.com/life/2024/04/wilsbach-distributors-goes-electric-with-its-freight-trucks-shows-off-high-tech-facility.html
Cybertruck owners allege pedal problem as Tesla suspends deliveries: Owners will have to wait until April 20 for deliveries to resume.
arstechnica.com/cars/2024/04/tesla-stops-cybertruck-deliveries-accelerator-pedal-may-be-to-blame/
Quick Glance: Tesla Cybertruck: Pedal Safety Issues
- The Tesla Cybertruck has faced criticism for various issues, but now a serious safety concern with the accelerator pedal has led to the temporary halt of deliveries.
- A video and reports show that the pedal cover can come loose and jam, causing unintended acceleration even when the foot is not on the pedal.
- Deliveries have been halted, appointments rescheduled and canceled as Tesla investigates acceleration issues. A regulatory investigation looms over the company, potentially requiring a recall of all trucks.
- Some drivers have attempted to manually remove the pedal cover, indicating a potentially serious safety issue that cannot be resolved through software.
Ford Bronco Sport SUVs and Maverick Pickups Recalled for Loss of Power While Driving
consumerreports.org/cars/car-recalls-defects/ford-recalls-bronco-sport-and-maverick-for-loss-of-power-a2834960968/
Ford offers Tesla drivers $1,500 discount to switch: Ford is taking aim at Tesla. The automaker launched an initiative to give Tesla owners a special discount on ...
businessinsider.com/ford-offers-tesla-drivers-discount-to-switch-2024-4
Biden announces preliminary deal with Micron for up to $6.14 bln in chip grants: U.S. President Joe Biden traveled to Syracuse, New York, on Thursday and ...
reuters.com/technology/biden-announce-preliminary-deal-with-micron-up-614-bln-chip-grants-2024-04-25/
Tesla Semi has been pushed ‘well beyond expectations’ by a new customer: Tesla has delivered its Tesla Semi, an electric semi truck, to a new customer for a ...
electrek.co/2024/04/17/tesla-semi-pushed-well-beyond-expectations-new-customer/
Woman starts Tesla update in the blazing sun and is then trapped: Cars get very hot in summer. A young woman from the USA had to experience this for herself ...
stern.de/auto/frau-startet-tesla-update-in-der-prallen-sonne-und-ist-danach-gefangen-34628428.html
Ford's Truck Onslaught Is Gas-Fired: Ford is shipping new 2024 F-150 trucks with internal combustion engines, with Lightnings to resume deliveries this month.
motortrend.com/news/ford-truck-lineup-fresh-production-f150-ranger-super-duty-more-hybrids/
China’s GDP grows 5.3% in the first quarter of 2024: China’s economy grew stronger than expected at the start of this year, partly thanks to robust factory ...
cnn.com/2024/04/15/business/china-q1-gdp-growth-intl-hnk/
Quick Glance: China's Economy Surprisingly Strong in Q1 2024
- China's economy experienced stronger growth than anticipated in the first quarter of this year, primarily due to the thriving high-tech manufacturing sector.
- In the initial quarter, industrial production saw a 6.1% increase compared to the previous year, driven by the flourishing high-tech industry. Notably, the manufacturing of 3D printing devices, electric vehicle charging stations, and electronic components surged by approximately 40% year-over-year.
- A recent official report highlighted a rise in China's manufacturing purchasing managers' index during the first quarter, marking the first increase in six months. Moreover, the Caixin/S&P Manufacturing PMI, a privately conducted survey, achieved its highest level in over a year as foreign demand grew.
- China's economy grew by 5.2% in 2023. Despite a significant improvement from the previous year, it still represented one of the country's weakest economic performances in more than thirty years.
Video shows 100mph drunk-driver Miley Connors who had child in car: A police officer said it was "one of the worst pieces of driving I have ever seen".
bbc.com/news/av/uk-england-oxfordshire-68835711
Quick Glance: Child Endangered: Driver Speeds at 100mph on Hard Shoulder
- A reckless driver accelerated to over 100mph on the hard shoulder, causing an accident and then exiting the vehicle to urinate as his child fled the car.
- Miley Connors, 37, drove down the M40 in December 2021 in a silver Mercedes-Benz SUV, a pursuit described by the police as the worst they had ever seen.
- Numerous calls were made to emergency services after other terrified drivers witnessed Connors driving on the motorway in Warwickshire.
- He then moved into Oxfordshire and Buckinghamshire, maneuvering in and out of traffic at high speed.
Tesla's shift on low-cost cars throws Mexico, India factory plans into limbo: Tesla said on Tuesday that it will use its existing factories to build new and more ...
reuters.com/business/autos-transportation/teslas-shift-low-cost-cars-throws-mexico-india-factory-plans-into-limbo-2024-04-24/
Six taken to hospital after multi-vehicle accident on PIE: The multi-car crash followed another multi-vehicle tragedy in Tampines earlier in the day.
straitstimes.com/singapore/six-taken-to-hospital-after-multi-vehicle-accident-on-pie
Ford is slashing prices on its electric F-150 Lightning: Ford has cut up to $5,500 off certain models of F-150 Lightning as it looks to reignite sales of the ...
qz.com/ford-f150-lightning-ev-price-cuts-1851408712
UAW clinches watershed union victory at Volkswagen Tennessee factory
reut.rs/3vYZ6gk
Quick Glance: UAW Secures Historic Victory as Volkswagen Workers in Tennessee Vote for Union Representation
- Volkswagen workers in Chattanooga, Tennessee, made history by voting to join the United Auto Workers, marking the first auto factory in the South since the 1940s to unionize.
- Nearly three-quarters of 3,613 workers voted yes in a three-day election with high turnout, granting the union a significant first win in its efforts to organize factories of a dozen automakers in the South.
- The organizing effort concludes a strong year for the U.S. labor movement, obtaining record wage increases across various industries through strikes and tough negotiations.
- The UAW, led by President Shawn Fain, achieved notable successes in negotiations with Detroit automakers last fall, securing substantial raises and benefits through a contentious strike.
Tesla Announces Steep Employee Cuts Amid Revenue Drop: Elon Musk's electric vehicle company is laying off more than 6,000 employees after reporting a 9% drop in ...
huffpost.com/entry/tesla-layoffs-california-texas_n_66282c39e4b096c7bac6847b
Sharjah offers free vehicle damage certificate for residents affected by rains - News | Khaleej Times
khaleejtimes.com/uae/sharjah-free-damage-certificate-offered-now-for-affected-residents
Tesla to lay off more than 3,000 employees in California, notices show: Tesla is set to cut 3,332 jobs in California, the electric-vehicle maker said in multiple ...
reuters.com/business/autos-transportation/tesla-lay-off-more-than-3000-employees-california-notices-show-2024-04-23/
SMRT bus driver, 58, dies after crashing vehicle into tree in Woodlands: No commuters were on board at the time of the accident.
straitstimes.com/singapore/smrt-bus-driver-58-dies-after-crashing-vehicle-into-tree-in-woodlands
The tragedy which took the lives of 10 students: Samad Al Shan: Ten students aged between 10 and 15 years old died when their vehicle was washed away in a ...
omanobserver.om/article/1152370/oman/weather/the-tragedy-which-took-the-lives-of-10-students
Musk says Tesla's Full Self-Driving may enter China very soon: Tesla chief Elon Musk on Saturday said the electric-vehicle (EV) maker may make Full Self-Driving ...
reuters.com/business/autos-transportation/musk-says-teslas-full-self-driving-may-enter-china-very-soon-2024-04-20/
Tesla’s net income drops 55% in first quarter amid falling global sales - National | Globalnews.ca
trib.al/MIpAJGd
Road user charges: Are EVs still cheaper to run than petrol cars?: Owners of some EVs now pay the same road user charges as diesels - so is it still worth it?
rnz.co.nz/news/top/514269/road-user-charges-are-evs-still-cheaper-to-run-than-petrol-cars
You can power your home for 21 days with a Chevy Silverado EV and GM’s new bidirectional charger
electrek.co/2024/04/18/you-can-power-your-home-for-21-days-with-a-chevy-silverado-ev-and-gms-new-bidirectional-charger/
Officer's gun taken in fatal shooting in Chicago: Sources: The 30-year-old officer was killed while returning home from work, police said.
abcnews.go.com/US/slain-chicago-police-officer-luis-huescas-gun-shooting/story
Gas Backward: Switching to a Gas Jeep Wagoneer From an EV: What we learned after trading in the keys to our Ford F-150 Lightning for our Jeep Wagoneer yearlong ...
motortrend.com/reviews/2023-jeep-wagoneer-yearlong-review-update-2-gas-to-ev/
Stockland and Ampol rev up superfast EV charging stations: Property landlord Stockland has joined forces with fuel supplier Ampol to roll out AmpCharge fast and ...
smh.com.au/business/companies/stockland-and-ampol-rev-up-superfast-ev-charging-stations-20240422-p5flsa.html
RM Williams co-owner Nicola Forrest is sticking the boot in for women: In her first official media appearance since her separation from Andrew “Twiggy” Forrest ...
smh.com.au/lifestyle/fashion/rm-williams-co-owner-nicola-forrest-is-sticking-the-boot-in-for-women-20240419-p5fl2l.html
European ports turned into ‘car parks’ as vehicle imports pile up: Chinese EV makers without sales networks or onward transportation among leading causes of ...
ft.com/content/496f3bfa-9f0c-4145-9024-188572a280fd
Tesla previews ridesharing app feature for its robotaxi: As Tesla shared its figures for the first quarter on Tuesday, the automaker also previewed the app that ...
digitaltrends.com/cars/tesla-previews-ridesharing-app-feature-for-its-robotaxi/
Nigerian Breweries to shut down two plants: Job cuts are a strong possibilityamong the “operational efficiencymeasures” to be adopted by thecompany in the days ...
premiumtimesng.com/business/686755-nigerian-breweries-to-shut-down-two-plants.html
China's BYD names electric pickup truck BYD Shark: Chinese electric vehicle maker BYD said on Monday its electric pickup truck will be called BYD Shark and will ...
reuters.com/business/autos-transportation/chinas-byd-names-electric-pickup-truck-byd-shark-2024-04-22/
Insurance: Comprehensive or third-party liability, what’s the difference?: Knowing the main difference is key to making a decision that works for you
gulfnews.com/your-money/community-tips/insurance-comprehensive-or-third-party-liability-whats-the-difference-1.1713455746424
More Ford Bronco Sport and Escape SUVs Recalled for Fire Risk: Ford is recalling 42,000 more Bronco Sport and Escape SUVs because a fuel leak might cause a fire ...
consumerreports.org/cars/car-recalls-defects/more-ford-bronco-sport-and-escape-suvs-recalled-fire-risk-a1026514361/
Tesla Cybertruck breaks down after going through car wash: Bulletproof truck does not appear to be waterproof, user jokes
independent.co.uk/tech/tesla-cybertruck-car-wash-breakdown-b2532510.html
Kawasaki to shut down factory WSBK team at end of 2024: Kawasaki will end its factory involvement in the World Superbike Championship at the conclusion of the ...
motorsport.com/wsbk/news/kawasaki-to-shut-down-factory-wsbk-team-at-end-of-2024/10602782/
Could the Union Victory at VW Set Off a Wave?: Some experts say the outcome at a plant in Chattanooga, Tenn., may be organized labor’s most significant advance ...
nytimes.com/2024/04/20/business/economy/uaw-union-future.html
US probes Ford recall of 42,000 Bronco, Escape SUVs for fuel leaks: The National Highway Traffic Safety Administration (NHTSA) said on Friday it was opening an ...
reuters.com/business/autos-transportation/nhtsa-opens-investigation-into-certain-ford-suv-recall-over-fuel-leaks-2024-04-12/
Boy died leaping from family's truck as it lost control pulling water tank : Tomos Rhys Bunford loved farming and animals and is buried on the family farm with ...
walesonline.co.uk/news/wales-news/boy-nine-died-leaping-familys-28964240
Thor's All-Electric Recreational Vehicle Is a Harbinger of Future Fun: Harbinger Motors is partnering with Thor Industries to create an all-new Class A RV using ...
motortrend.com/news/the-harbinger-of-thors-all-electric-recreational-vehicle-future/
Stonka of a Tonka - and it's electric: The biggest electric vehicle of its kind has arrived in New Zealand — and it's right here in Otago.
odt.co.nz/business/stonka-tonka-and-its-electric
Ford targets Tesla owners with $1,500 EV 'conquest' rebates: Ford is targeting one automaker in particular when it comes to boosting EV sales: Tesla.
finance.yahoo.com/news/ford-targets-tesla-owners-with-1500-ev-conquest-rebates-184627837.html
BYD confirms Shark electric pickup name as Ford F-150 Lightning rival in latest teaser
electrek.co/2024/04/22/byd-confirms-shark-electric-pickup-name-latest-teaser/
2024 Ford F-150 Lightning Price Drops as Much as $5500: With order books reopened, the most drastic price reduction is for the extended-range Flash ...
caranddriver.com/news/a60523382/2024-ford-f-150-lightning-price-reduction/
Luxury brand Maserati continues to go electric - and shows an elegant electric convertible
stern.de/auto/e-mobilitaet/maserati-grancabrio-folgore--rein-elektrisch-und-doch-ein-biest-34633198.html
China's Huawei launches new software brand for intelligent driving: Chinese tech company Huawei (HWT.UL) unveiled on Wednesday a new software brand for ...
reuters.com/technology/chinas-huawei-launches-new-software-intelligent-driving-2024-04-24/
New commercial vehicles: From aCar to Tesla Cybertruck - five pick-ups with a future
n-tv.de/auto/Von-aCar-bis-Tesla-Cybertruck-fuenf-Pick-ups-mit-Zukunft-article24862837.html
Governors of six Southern states warn workers against joining UAW union: Governors of six Southern states — Tennessee, Alabama, Georgia, Mississippi ...
washingtonpost.com/business/2024/04/16/republican-governors-uaw/
She saved her baby in fatal crash: Penal mother Simran Rahamut used her body as a human shield to protect her one-year-old infant when the family’s vehicle ...
trinidadexpress.com/newsextra/she-saved-her-baby-in-fatal-crash/article_2bd1b6c4-f975-11ee-84c1-4f8e6bb76950.html
2024 Chevy Silverado EV RST First Edition Beats Rival Electric Pickup Trucks on Range
motortrend.com/news/2024-chevy-silverado-ev-rst-first-edition-electric-truck-range-beats-ford-rivian-tesla/
‘Super cute please like’: the unstoppable rise of Shein: The long read: It is taking fast fashion to ever faster and ever cheaper extremes ...
theguardian.com/fashion/2024/apr/16/super-cute-please-like-the-unstoppable-rise-of-shein
UAW clinches watershed union victory at Volkswagen Tennessee factory: Workers at Volkswagen's Tennessee plant have voted to join the United Auto Workers ...
reuters.com/business/autos-transportation/uaw-clinches-watershed-union-victory-volkswagen-tennessee-factory-2024-04-20/
Teen run over by police vehicle in Melaka while trying to flee cops: MELAKA: Melaka police have pledged to conduct a thorough and impartial investigation into ...
thestar.com.my/news/nation/2024/04/11/teen-run-over-by-police-vehicle-in-melaka-while-trying-to-flee-cops
Tesla layoffs include 14% of Buffalo workers, WARN notice shows
reuters.com/business/autos-transportation/tesla-layoffs-include-14-buffalo-workers-warn-notice-shows-2024-04-17/
Some Tesla workers get badge scan, realize layoff: Tesla told staff it was conducting layoffs on Sunday night, but some workers realized they were out of a job ...
businessinsider.com/tesla-factory-workers-discover-laid-off-security-badge-scans-sources-2024-4
Onset of winter in April: fines threatened for summer tires: The change in weather including snow poses a problem for drivers. What to do if the summer tires ...
hna.de/verbraucher/adac-winter-comeback-april-winterreifen-sommerreifen-bussgeld-zr-93020331.html
Weak demand: Tesla cuts hundreds of employees in Germany: Tesla boss Elon Musk is planning to cut more than one in ten jobs at the electric car manufacturer ...
hna.de/wirtschaft/elektroauto-tesla-stellenabbau-deutschland-mitarbeiter-jobs-gruenheide-93018223.html
Tesla Promises 'More Affordable Vehicles' and a 'Cybercab': Elon Musk’s automaker told investors Tuesday that sales and revenue are down but that new “more ...
wired.com/story/tesla-promises-more-affordable-vehicles-cybercab/
Falcarragh: Woman in her 80s dies in single-vehicle crash: A woman, aged in her 80s, has died following a single-vehicle crash at Falcarragh
bbc.com/news/articles/cv2x9nd4vd9o
At Chinese trade fair, exporters despair their goods are 'as cheap as cabbage': Wu Huazhan's Chinese television factory used to impose minimum orders to manage ...
reuters.com/markets/commodities/chinese-trade-fair-exporters-despair-their-goods-are-as-cheap-cabbage-2024-04-16/
California, 21 other states back EPA vehicle emissions rules: A group of 22 states led by California and five cities are backing the U.S. Environmental ...
reuters.com/business/autos-transportation/california-21-other-states-back-epa-vehicle-emissions-rules-2024-04-23/
Why are auto insurance premiums so high? Blame inflation and a few other factors: Wednesday's inflation report showed consumer price growth continues to drift ...
nbcnews.com/business/consumer/auto-insurance-premiums-costs-high-prices-inflation-explainer-rcna147204
5 Japanese workers narrowly escape suicide bombing that targeted their vehicle in Pakistan
apnews.com/article/pakistan-karachi-japanese-attack-d796b4df5757f82fdc4b6e937553e1b8
Argentina's Milei to visit Tesla factory, meet Musk this week: Argentine President Javier Milei is set to visit a Tesla factory in Texas and meet with the firm's ...
reuters.com/business/autos-transportation/argentinas-milei-visit-tesla-factory-meet-musk-this-week-2024-04-09/
Tesla's Musk postpones India trip, aims to visit later this year : Musk was also expected to disclose details of the automobile major's plans for the ...
gulfnews.com/business/retail/teslas-musk-postpones-india-trip-aims-to-visit-later-this-year-1.1713590737569
SpaceX all set for a record-breaking rocket launch on Friday: SpaceX has set lots of spaceflight records in its 22-year history, and on Friday one of its rockets ...
digitaltrends.com/space/spacex-all-set-for-a-record-breaking-rocket-launch/
Quick Glance: SpaceX Spending on Moonshot Bets
- Confidential SpaceX financial reports for 2018 and 2019 reveal the company's reliance on Starlink for profitability.
- The pivotal years of 2018 and 2019 saw significant events like the Falcon Heavy rocket launch and Crew Dragon capsule test.
- The company reported revenues of $1.98 billion in 2018 and $1.45 billion in 2019, but also faced losses due to high costs.
- The financials indicated NASA contracts played a significant role in SpaceX's revenue, while the introduction of the Starship rocket may change the game.
German factory production expands at fastest rate for a year: Construction and carmaking drive stronger than expected performance in February
ft.com/content/f559f6d7-bafe-44b5-ac88-15229bf7eefa
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