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.
Citibank is exploring various crypto products that it could offer retail customers, Cheddar has learned. Juliana Berger, a senior vice president of product in Citi’s mobile bank division, is overseeing the secretive initiative.
Mike Sievert, President and COO of T-Mobile U.S., joins Cheddar after the company's earnings report. He says that if the proposed merger with Sprint goes through, the combined companies will have seven times the wireless capacity they do individually and could actually increase competition in the field.
The electric automaker said most factories would hit a run rate of 10,000 of the mass-market vehicles a week by the end of the year, suggesting the company could be on the path to achieving profitability. The company did still report a wider loss than expected for the current quarter, but it said it burned through less cash than in the first quarter.
Ed Sclater and Farhad Farahbakhshian, co-founders of Naked Labs, sat down with Cheddar on Wednesday to discuss the company's latest $14 million in Series A funding and the launch of its newest product, the industry's first at-home body scanner.
The home speaker company makes its debut on the Nasdaq Thursday, but with plenty of competition and what's largely considered to be just one true productーnot to mention the threat of a trade warーSonos faces plenty of challenges in its IPO.
Facebook announced this week it removed 32 pages and accounts suspected of midterm election tampering. But New York Times reporter Kevin Roose tells Cheddar there's still not a lot of information about who's behind the meddling.
Walmart's tech incubator, Store No. 8, is entering the virtual- reality market. Katie Finnegan, CEO and co-founder of virtual reality start-up Spatialand and founding principal of Store No. 8, discussed the future of VR shopping on Cheddar Wednesday.
Apple seems to have avoided the fate that sent many tech stocks plunging last week, with its earnings report sending shares to all-time highs and bringing the company oh-so-close to the $1 trillion mark. Mike Murphy, Quartz Reporter, tells Cheddar how the company will eliminate lingering fears of a slowdown on iPhone sales.
These are the headlines you Need2Know.
The tech giant's pricier iPhones and growing services business helped it to beat earnings expectations for the latest quarter, sending shares up on Wednesday. If the stock hits $203.46, it'll become the first $1 trillion market cap company in the U.S.
