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

Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown

Updated July 20, 2022 6:17 pm ET Listen to article (2 minutes) Tesla reported its first sequential decline in quarterly profit in more than a year as it navigates global economic turmoil and recovers from an extended shutdown at its Shanghai assembly plant. The company has felt the sting of supply-chain disruptions, the global chip … Read more

China’s factories restart production, unleashing new pressure supply chain disruption

China’s factories restart production, unleashing new pressure supply chain disruption | Fortune You need to enable JavaScript to view this site.

Global supply chain disruption set to get worse due to delays at Chinese ports

The already stretched global supply chain crisis is all set to get worse. In fact, with Chinese ports operating at bare minimum capacity due to the Covid-related restrictions imposed by the government, the disruption in the movement of goods is expected to reach alarming proportions. While the problem is very bad between the US and … Read more

China’s Nio halts EV production as COVID lockdowns disrupt its supply chain

Nio Inc., the China-based electric-vehicle maker, over the weekend warned of delivery delays after suspending production due to COVID-19 restrictions that have disrupted its supply chain. “There will be a delay in the delivery of vehicles for many customers in the near future, and we ask for your understanding,” Nio NIO, -1.77% said in a … Read more

Soaring Nickel Will Drive Tesla, EV Players to Do This With Batteries

A basket of metals that go into lithium ion batteries is up 64% so far in 2022, which theoretically raises the sticker price of an average electric vehicle. Ronny Hartmann/AFP via Getty Images Text size Inflation is hitting the electric vehicle supply chain as the prices for metals that go into batteries soar. It isn’t … Read more

NFT bubble concerns resurface as trading, valuations drop

NFT bubble concerns resurface as trading, valuations drop | Fortune You need to enable JavaScript to view this site.

Meta walks a fine line on Facebook, Instagram with calls for violence against Russia

Meta walks a fine line on Facebook, Instagram with calls for violence against Russia | Fortune You need to enable JavaScript to view this site.

Rivian stock falls nearly 13% after EV maker loses more than $2 billion, trims production targets

An earlier version of this report had incorrect quarterly loss figures for Rivian. It has been corrected. Rivian Automotive Inc. lost more than $2 billion in the fourth quarter, saying that supply-chain disruptions and other problems continued to plague its assembly line. Rivian RIVN, -6.35% said late Thursday it lost $2.46 billion, or $4.83 a … Read more

Let’s make this Black History Month count

Let’s make this Black History Month count | Fortune You need to enable JavaScript to view this site.