EV: Ford accelerates its EV push with half-billion-dollar investment in Rivian -- WSJ. Rivian:
- a start-up
- 10 years old
- when is a start-up old enough to be a teenage and no long a start-up?
- Plymouth, MI
- wants to introduce a line of electric pickups and SUVs; describes them as "adventure vehicles"
- will be able to travel 400 miles on a full charge
- "skateboard" design: large battery under the floor; each wheel with electric power
- no cost given for the large battery, but my hunch, runs about $45,000/battery based on data coming from other sources
Boeing: to announce later today
- analysts: forecast earnings of $3.25/share on $22.90 billion revenue
- pulls 2019 guidance
- pauses share buybacks due to 37 Max uncertainty
- misses its earnings, link here:
- earnings: $3.16
- revenue: in line
- operating cash flow slid almost 11% to $2.8 billion
- pre-market: Boeing up 1%; up $3.82; trading at $379
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