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Tesla’s Q1-2024 Financial Performance- Calling an Audible

Supply Chain Matters

Supply Chain Matters provides key highlights and added supply chain and production perspectives on Tesla ’s recent report of Q1-2024 financial performance. In its reporting, The Wall Street Journal characterized this performance as dismal. billion, a reflection of increased price discounting and a building inventory of unsold vehicles.

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Supply Chain Matters News Capsule Update- March 28 2024

Supply Chain Matters

This funding is reportedly contingent on preconditions which include a delayed filing of its 2023 annual report with regulators and continued negotiations with an established auto maker on a joint manufacturing agreement related to North America based production. Workers After securing new ratified labor agreements among three major U.S.

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Report- Hewlett Packard Modifying Global Sourcing Strategy

Supply Chain Matters

Supply Chain Matters highlights a published report indicating that PC maker Hewlett Packard is modifying supply sourcing akin to China Plus and nearshoring sourcing actions. That would include alternatives to China under the umbrella of either China Plus or de-risking sourcing changes. We pointed out that in 2022, more U.S.

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Peril of EV Start-Ups: Fisker’s Investor Warning

Supply Chain Matters

According to a published report by The Wall Street Journal ( Paid subscription ), this asset light company has recently elected to transition its business model to an auto dealership based vehicle distribution model. Once more, the company has a stated goal to produce upwards of 22,000 vehicles in 2024. All rights reserved.

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November Global PMI Reporting Reflects Some Stabilization

Supply Chain Matters

In our prior highlights and perceptions of September and October published indices , we observed that the numbers once again signaled continued contraction in global manufacturing output and product demand levels. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. in November.

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Global PMI Levels in August Remain Sluggish

Supply Chain Matters

The August numbers once again signal a continued downturn in global manufacturing conditions as output and new order rates continue to fall. From our lens, the August data further reflects ongoing shifts in production sourcing within specific industry sectors. That stated, global output levels fell for the third consecutive month.

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September and Q3 Global PMI Levels Remain in Contraction

Supply Chain Matters

With the closing of the third quarter, the numbers once again signal added contraction in global manufacturing output as product demand levels weaken. Global Wide Manufacturing Activity Levels Global manufacturing activity as reported by the J.P. The reported September PMI reported value 49.1 value reported for August.