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.
Match, which acquired a 51 percent stake in the dating app last week, will help the company scale both domestically and around the world, said Hinge CEO Justin McLeod. Match's portfolio also includes Tinder and OkCupid.
Instagram is now estimated at over $100 billion in value. Venmo rolls out an actual plastic debit card with Mastercard. The FDA approves its first marijuana-derived medication. The newest member of the Bush family is Sully the service dog. The yellow lab has been assigned to President George H.W. Bush, who is 94, and recovering from recent hospitalizations.
Amazon is partnering with American Express to launch a credit card designed for small businesses. But don't expect the financial industry to be the next area the tech giant jumps into, said Autonomous Research partner Lex Sokolin told Cheddar.
Though FAANG stocks hit an all-time high last week, their gains could be undermined by the Trump administration's trade stand-off with China that could soon widen into the technology sector, says Jason Ware, chief investment officer at Albion Financial Group.
Trade tensions are heating up again as reports emerge that President Trump is planning to block Chinese investments in U.S. tech companies. Plus, Harley-Davidson announced it will move some of its U.S. production to facilities in Europe in an effort to avoid retaliatory tariffs from the EU.
Celebrity chef Sheldon Simeon joins Cheddar to talk about the opening of his second restaurant in Hawaii this summer. Simeon, a native-born Hawaiian, also weighs in on the devastating volcanic eruptions across Hawaii and urges people to travel to the islands.
The ticketing company plans to add an extra charge for movies that it thinks will be popular. Associate features editor for PCMag.com Rob Marvin joins Cheddar to explain this surge pricing announcement and how MoviePass squares up against the competition.
The live streaming platform most commonly associated with video gaming is branching out into other genres, such as art, based on user feedback. "This interactivity that we have on Twitch actually works with other categories as well," says co-founder Kevin Lin.
The social media platform has been trying to establish itself as a prominent player in social video, but it isn't intimidated by Instagram's new video product IGTV. That's because Twitter is the platform users turn to for live world news, says that company's vice president and global head of content partnerships Kay Madati.
Tesla is making big cuts to its solar business. According to a Reuters report, the company will close 12 solar installation facilities across several states. Tesla bought SolarCity more than two years ago for $2.6 billion.
Chipotle is giving its menu a makeover. The company is experimenting with five new menu items at its test kitchen in New York, including quesadillas, nachos, and chocolate milkshakes. Chipotle plans to roll out these items nationwide in the coming months.
Paul Boyer, a.k.a. sOAZ, the former starting top laner for Team FNATIC, was sidelined with a hand injury during the Spring Split season of the esport League of Legends. But now he's back in action and ready for the Summer Split.
