No car company is making more headlines right now than Tesla. Can the electric vehicle company stay ahead in the battle for electric car dominance?
Mark Rechtin, Executive Editor at Motor Trend, says Tesla's competitors are quickly gaining ground. Motor Trend tested out the Tesla Model 3, Nissan Leaf, and Chevrolet Bolt. Rechtin says that the Leaf and Bolt offer the best options, especially if you don't have $60,000 to spend on a Tesla.
Rechtin also discusses the ongoing problems Tesla is having with its Model 3 production. The company continues to fall behind its original target numbers, while its CEO Elon Musk is tweeting about a possible Tesla pickup truck. Rechtin says Musk should focus more on the Model 3 and less on his dream projects.
Kimbal Musk, Tesla board member and brother of CEO Elon, told Cheddar, "If you have a Model 3 and you'd like it delivered, we can probably get done for you by the end of the week. If we haven't reached out to you, reach out to us."
Mark Cummins, CEO of Pointy, shares his advice for young entrepreneurs in our 'What Keeps You Going' segment.
These are the headlines you Need 2 Know.
Kevin Systrom and Mike Krieger, who launched the photo-sharing app in 2010, have resigned and will leave the company in the coming weeks, according to the New York Times. The news is the latest blow for Facebook, which bought Instagram in 2012 for $1 billion. The app has been a bright point for the company, with a billion monthly active users as of June.
Tune in to Cheddar Tuesday morning for the latest.
Mezu is joining the growing list of money-transfer apps by staking out a niche for privacy-conscious consumers. CEO Yuval Brisker said Mezu's selling point is the ability to transfer money without the use of personal information, like email or phone numbers.
Warren Schlichting, president of Sling TV, spoke to Cheddar from Denver Startup Week Monday about the changing media landscape. "I don't want to pay for things I'm not watching," he said, channeling the mantra of the 2.3 million cord-cutters who make up Sling's customer base.
These are the headlines you Need 2 Know.
Comcast's $38.8 billion winning bid for British satellite broadcaster Sky was a "shocking price" to pay for international expansion, said Rich Greenfield, media and tech analyst at BTIG.
Shares of Pandora surged Monday after the satellite radio company announced an all-stock deal to acquire the streaming service. Sirius made a $480 million investment in the company last year, taking about a 15 percent stake in it. BTIG analyst Rich Greenfield says the deal is probably bittersweet for Pandora which "really failed as a public company."
The blockchain has made its way into a slew of industries. Next at bat ー the sports world. The Los Angeles Dodgers are moving away from traditional promotions and have begun using crypto tokens to give away digital bobbleheads to fans. Ralph Esquibel, VP of information technology for the team, said this is the first giveaway of its kind and could lead to more experiments with cryptocurrencies.
