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Business

“Boeing expects to burn cash again in third quarter after wider-than-expected loss” [Jul 31 2024]

“Boeing reported a bigger loss and weaker revenue than analysts expected for the second quarter. Both the company’s commercial and defense units have been challenged by programs running behind schedule and higher-than-expected costs. The company is under increased federal scrutiny… Continue Reading…

Business

“Elon Musk says Tesla’s car factories are ‘gigantic money furnaces’”

“Tesla CEO Elon Musk said his electric-car factories are “losing billions of dollars” as global supply-chain disruptions and challenges in battery manufacturing constrain the company’s ability to scale up production…. New factories in Berlin and Austin — where Tesla moved its… Continue Reading…