The quarterly loss reported Thursday caps a disastrous year in which Carvana’s stock plummeted 98 percent, erasing almost almost $37 billion of market capitalization. Shares plunged nearly 20 percent in morning trading.
The automaker says battery supplier SK On has made changes and has restarted cell production at its plant in Georgia.
The Federal Reserve’s preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.
The first launch of United Launch Alliance’s new Vulcan Centaur rocket is now targeting early May to send a private moon lander, some Jeff Bezos satellites and the mortal remains of Lt. Uhura, Bones and Scotty into space.
It’s not clear if the collision with a Contra Costa County involved the company’s advanced driver assistance systems, but the case echoes others in which Tesla drivers using self-driving technology crashed into emergency vehicles.