Home ownership has plummeted since the 2008 recession as costs rise, and Americans lack the necessary savings. Many have turned to renting due to the flexibility and less capital-intensive nature. John Kobs, Co-Founder and CEO of Apartment List, a platform helping renters find a home, joined us to discuss the current state of the rental market. The company just announced a new partnership with Realtor.com. Kobs breaks down how this collaboration helps connect renters with properties on its platform. Apartment List will be powering all of the rental listings from the multi-family sector on realtor.com. Earlier this year, Apartment List teamed up with Facebook to get its listings on the social media platform's marketplace. Whenever a property manager advertises on Apartment List, it will also show up on the Facebook marketplace.

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Tesla’s profit fell in third quarter even as sales rose
Tesla, the car company run by Elon Musk, reported Wednesday that it sold more vehicles in the past three months after boycotts hit hard earlier this year, but profits still fell sharply. Third-quarter earnings fell to $1.4 billion, from $2.2 billion a year earlier. Excluding charges, per share profit of 50 cents came in below analysts' estimate. Tesla shares fell 3.5% in after-hours trading. Musk said the company's robotaxi service, which is available in Austin, Texas, and San Francisco, will roll out to as many as 10 other metro areas by the end of the year.
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