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.
Elon Musk said that offering the $78,000 high-performance version of the Tesla Model 3, equipped with faster acceleration and longer battery range, before the base version was actually ready, would help the electric carmaker meet demand. Tesla has struggled to hit production targets for the mass-market Model 3, advertised as a $35,000 car, but with an actual price closer to $50,000.
Schmidt's Naturals is allowing consumers to buy its deodorants online using Bitcoin, the first Unilever brand to dip its toes into cryptocurrency. So far, up to 10 percent of sales online were made in Bitcoin, says Michael Cammarata, a co-founder and the chief executive of Schmidt's Naturals.
Uber's recently released national TV ad, featuring its new CEO Dara Khosrowshahi, attempts to hit refresh for a company that has been hit by years of negative coverage. Meanwhile Facebook's new ad is more reactive to the recent Cambridge Analytica crisis, says Jon Swartz, a senior reporter at Barron's.
The hedge fund is investing $500 million in blockchain technology, focusing on converting traditional paper equity into tokens, a move that could help regulators, says Anthony Pompliano, a partner at Morgan Creek Blockchain Capital.
A deadly school shooting in Texas, and Elon Musk's plans for LA traffic. Plus the CIA gets its first female director, a one-time, online-only bedding store goes brick-and-mortar, and we get ready for the Royal Wedding.
Musk, the head of Tesla and SpaceX, shared details Thursday of his Boring Co.'s plans to help alleviate Los Angeles's notorious traffic problem. He said an underground tunnel would shuttle "pods" of up to 16 people at a time at speeds of 150 miles an hour for just $1 per ride. But the plan faces resistance from some residents who want a full environmental review.
The online learning platform had its Nasdaq debut Thursday, when the stock opened at $20, or 33 percent above its IPO price. Enthusiasm for the online education platform is driven by a rapidly increasing skills gap in the job market, which Pluralsight aims to narrow, says the company's CEO Aaron Skonnard.
After all Senate Democrats voted in favor of keeping the internet open and fair, the party is using this opportunity to paint itself as a champion of the consumer going into the midterm elections later this year, says Ross Rubin, principal analyst at Reticle Research.
Google's video streaming platform is jumping into the music space with personalized playlists, a new, dedicated app and desktop player, and song downloads.
The affordable TV streaming service is testing out new features that will "make TV a much more social experience," says CEO Andrew McCollum.
