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.
Snap beat analyst expectations for revenue in the second quarter, earning $262 million. But the company's Snapchat app lost 3 million users, its first quarterly decline. The company also reported a $250 million investment from Saudi Prince Alwaleed bin Talal, a billionaire tech investor.
Galileo Russell, Founder of HyperChange TV and a bull investor on Tesla stock, believes Musk's motion to take Tesla private at $420 was a long time coming if one were to follow signs of Musk's discontent with public investors. Russell's reaction is full of excitement, but hopes he will not be forced to sell shares because he would alt to hold.
With big-money backing from nearly every major Hollywood studio, NewTV should scare the established streaming services, says Julian Roman, correspondent for MovieWeb. "It's going to be prime-quality entertainment from Hollywood's biggest producers," meant to be distributed on mobile devices, Roman says.
A 12-month moratorium on most new for-hire licenses would let the city study how the expansion of ride-hailing services affects traffic, and how the Council can ensure drivers earn a living wage, says Speaker Corey Johnson. Uber and Lyft have pushed back against rules they say would limit their growth.
After years of spreading incendiary conspiracy theories, the right-wing gadfly Alex Jones was kicked off Facebook, YouTube, Apple, and Spotify because recent lawsuits highlight the "real-life harm" of his rhetoric, says Axios media reporter Sara Fischer, and the tech platforms have established a new standard for acceptable speech online.
Tesla stock remains one of the most divisive on Wall Street.
On one side, there are the bulls who love CEO Elon Musk's clean energy vision. On the other, a legion of short-sellers who believe financial reality will eventually catch up with the company. Galileo Russell, founder of HyperChange TV, and Mark Spiegel, managing member of Stanphyl Capital, joined Cheddar to make their bull and bear arguments for Tesla.
The electric carmaker's second-quarter earnings report only widened the rift between the bulls, represented by Galileo Russel of HyperChange TV, who says Elon Musk is a visionary, and bears like Mark Spiegel of Stanphyl Capital who says the company's financials are inescapable.
PepsiCo CEO Indra Nooyi is stepping down after 12 years with the company. She helped push the soda giant into exploring healthier food and beverage options in light of changing preferences. Longtime Pepsi veteran Ramon Laguarta will replace Nooyi.
Disney, Fox, Snap, Dropbox, and others report earnings this week as earnings season winds down. Kristen Scholer and Nora Ali discuss what to expect from these quarterly results.
The trade war between the U.S. and China escalated even further after Chinese state media called out President Trump specifically, accusing him of extortion. Andrew Egger, reporter at The Weekly Standard, joins Cheddar to discuss.
The tech giants' decisions to block content by the conspiracy theorist Alex Jones may encourage other platforms to crackdown on his incendiary rhetoric, says Mashable's Heather Dockray. "The claims he's making have always been dangerous," Dockray says. "But they seem particularly paranoid as of late."
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