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.
This year, Amazon Prime Day is bigger than ever. Cheddar's Hope King explains how this fabricated shopping holiday is a way for Amazon to lure even more Prime subscribers.
With Amazon’s fourth annual Prime Day just around the corner, experts warn the retail giant might not have the best deals out there. “Last year, 20 percent of items that Amazon customers bought on Prime Day were actually cheaper at other stores,” says Louryn Strampe, deal editor at Mobile Nations' Thrifter site.
The start-up launched a pilot program at the Rockaways on Friday. The move comes shortly after Lime entered a partnership with Uber that allows Lime to integrate into the ride-hailing app. "To grow throughout the entire area, this is the first opportunity for us," says Caen Contee, Vice President of Marketing, Business Development, and International Expansion.
The airline announced plans to launch the first direct link between Nairobi and New York, and the CEO believes this is a good first step for countries to invest in Africa. "It's statistically, by far, the youngest population on earth, and is, particularly in Kenya, heavily digitalized," Sebastian Mikosz tells Cheddar. "It's a continent of many opportunities."
The telecommunications company announced two additional unlimited plans for customers, a trend many other wireless companies are turning to. One is a basic plan that focuses on texts and calls, and the other, Unlimited Plus, allows for heavier data use. “One size doesn’t necessarily fit all,” says Brandon “Dow” Draper, the company’s Chief Commercial Officer. "We're really starting to just tailor this to people's needs."
Uber laid off 100 backup drivers for in its autonomous driving division on Thursday, a sign that the fatal crash in Tempe, Ariz., has tempered the company's ambitions. "Uber is saying all the right things publicly, but the accident in Arizona has really set them back," says Mark Rechtin, executive editor at Motor Trend.
The subscription toy company creates boxes of creative DIY projects that are both educational and fun, says CEO Sandra Oh Lin. “We’re trying to instill that creative confidence as well as the tools.”
The $85 billion deal which closed last month is now back in question. The DoJ filed court papers challenging Judge Richard Leon's ruling in June that the government didn't sufficiently prove the merger violated antitrust laws. Cheddar’s Hope King and Brad Smith give us the details.
Microsoft announced on Thursday it would provide a free version of its group chatting app, betting that the platform's integration with Microsoft's other programs will give it a leg up on Slack. “We have power of the full collaboration suite in there,” says Lori Wright, GM of Microsoft 365.
Papa John's founder John Schnatter resigned as chairman of the pizza chain after it came to light that he used a racial slur on a conference call in May. Schnatter apologized for his comments, saying they were "inappropriate and hurtful."
Uber is planning to lay off more than 100 people from its autonomous car units in San Francisco and Pittsburgh. This comes as Uber is trying to recover from the fatal crash in Arizona involving one if it's self-driving cars.
And Cheddar's Alex Heath sits down with Joey Levin, CEO of IAC, to discuss Match Group's recent acquisition of dating app Hinge.
