Ken Leon, Global Director of Research and Industry Analyst at CFRA, explains how the new tax reform is impacting big banks. In 2018, the tax rate will decrease to about 19 percent. For full interview [click here](https://cheddar.com/videos/big-banks-could-be-headed-for-big-gains).

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Tesla sales jump after months of boycotts
Tesla reported a surprise increase in sales in the third quarter as the electric car maker likely benefited from a rush by consumers to take advantage of a $7,500 credit before it expired on Sept. 30. The company reported Thursday that sales in the three months through September rose 7% compared to the same period a year ago. The gain follows two quarters of steep declines as people turned off by CEO Elon Musk’s foray into right-wing politics avoided buying his company’s cars and even protested at some dealerships. Sales rose to 497,099 vehicles, compared with 462,890 in the same period last year.
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