All articles tagged with #delivery forecast
Rivian's stock dropped over 8% after reporting Q3 deliveries above expectations but lowering its 2025 delivery forecast, amid broader EV industry struggles and concerns over demand, cash burn, and supply chain issues.
NIO Inc. faces challenges with a lowered delivery forecast for 1Q-24 due to soft demand in China, causing its stock to hit new lows. However, an analyst believes the company's valuation is now compelling, with potential for a rebound in deliveries later in the year. NIO's gross profit is improving, and its sales multiple is favorable compared to competitors. The analyst recommends buying NIO stock, citing a positive long-term outlook for the electric-vehicle industry and a strong risk/reward relationship.
Boeing reported a third-quarter miss on revenue and adjusted loss per share, citing unfavorable defense performance and lower 737 deliveries. The aerospace giant trimmed its delivery forecast for the 737 Max due to ongoing production issues but maintained its cash flow guidance. Boeing now expects to deliver 375-400 737 Max jets this year, down from the previous projection of 400-450 deliveries. The company identified a supplier issue affecting production but assured it is not a safety concern. Boeing's backlog stands at $469 billion, representing over 5,100 commercial jets.
Boeing announced that it will deliver fewer 737 Max aircraft this year due to production flaws, revising its estimate to between 375 and 400 planes, down from the previous range of 400 to 450. The company reported a wider-than-expected adjusted loss for the third quarter, with a net loss of nearly $1.64 billion. Despite the challenges, Boeing's CEO expressed confidence in the company's ability to address the issues and maintain its expectations for future cash flow.