Seeking Alpha: What Tesla's Delivery Miss Means for its 2018
Galileo Russell, author at Seeking Alpha, discusses Tesla missing delivery targets for the Model 3 again and what that means for company's goals for 2018.
The company set a production target of 2,500 Model 3s a week by the end of Q1. Russell believes that is attainable, given the progress in production made between Q3 and Q4, even though the company missed its delivery target.
He discusses Tesla's competition as car companies increase their offerings of electric cars, noting that 2018 is a make-or-break year for the company, especially with the amount of debt coming due.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie ahead of the board considering the largest railroad merger ever proposed.
Ford is recalling more than 355,000 of its pickup trucks across the U.S. because of an instrument panel display failure that’s resulted in critical information, like warning lights and vehicle speed, not showing up on the dashboard.
