Rivian’s Losses Nearly Triple to $1.7 Billion

Rivian Automotive Inc. reported its net loss in the second quarter nearly tripled to $1.7 billion, further pressuring the electric-vehicle startup to conserve cash and move quickly to fill customer orders. The California-based SUV and truck maker said revenue for the quarter was about $364 million as it increased production and deliveries of its first … Read more

Boeing Clears Hurdle for Resuming 787 Dreamliner Deliveries

U.S. air-safety regulators signed off on a Boeing plan aimed at addressing problems with the 787 Dreamliner, a major step before the company restarts deliveries of the aircraft, according to people familiar with the matter. The first 787 delivery is expected to occur within days, one of the people familiar with the matter said. Resuming deliveries … Read more

Elon Musk Files Response and Counterclaims to Twitter Lawsuit Over $44 Billion Deal

Updated July 29, 2022 6:29 pm ET Listen to article (1 minute) Elon Musk formally responded to Twitter lawsuit seeking to force him to go through with his $44 billion takeover of the social-media platform and included counterclaims against the company. The filing Friday was made confidentially and isn’t viewable by the public. It isn’t … Read more

Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private

Tesla is scheduled for court-ordered settlement talks in a shareholder lawsuit over Chief Executive Officer Elon Musk’s 2018 tweets suggesting he had funding to take the company private. In a court filing Friday, a federal judge ordered the settlement conference via Zoom on Oct. 3, adding to an already busy month for Mr. Musk. He … 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

Elon Musk Fires Back at Twitter Lawsuit

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Amazon and Grubhub Strike Deal to Bring Restaurant Delivery to Prime Members

Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal aimed at expanding the food-ordering company’s reach by tapping Amazon’s membership program. Grubhub’s parent, Netherlands-based Just Eat Takeaway.com NV said Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can … Read more

Rivian’s Great EV Expectations Meet the Harsh Reality of Manufacturing

At Rivian Automotive Inc.’s factory in Normal, Ill., life is anything but. Car factories around the world routinely churn out models around the clock. About eight months after production on Rivian’s electric trucks started, executives recently marked a milestone in uninterrupted work days: The company’s plant ran at full speed for an entire 10-hour work … Read more

Looking for $100,000 Salary? See How Much the Biggest U.S. Companies Pay Workers

Wages for the median workers at the majority of big American companies are higher than they were before the pandemic, with the tight job market helping to lift paydays for many bank tellers, factory workers and software programmers. Compensation in 2021 for the median worker at 275 companies in the S&P 500 index was higher … Read more