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.
Telecom giant Verizon has been angling to get a bigger slice of the digital content industry, because these days people are leap-frogging cable networks altogether and going straight to internet streaming, says Chris Carey, Chief Strategy Officer for Verizon Digital Media Services. "This year, and in the next three to four years, all the technology has been solved for, so essentially all of the television distribution services are no longer necessary," he tells Cheddar.
The film and TV studio known for the "Hunger Games" has invested heavily in acquiring game developers and esports franchises. "I think the hardest thing to do in media, and probably the most expensive thing to do, is to launch a globally successful video game," says Peter Levin, President of Interactive Ventures, a unit of the studio.
The platform recently surpassed five million home and apartment listings with plans to keep growing that space, says Gillian Tans, CEO of the unit.
Apple and Snap reported earnings today. By in large, Apple beat across the board while Snap came up short. Earnings per share and revenue reports below:
Snap
EPS: adjusted -$0.17 vs. -$0.17
Revenue: $230.7 million vs. $244.48 million
Apple
EPS: $2.73 vs. estimate $2.67
Revenue: $61.1 billion vs. estimate $60.84 billion
In the last few years, Philips has invested in transforming itself from an electronics company to a pioneer in digital health. The company wants to "give you back control of your own health" with its innovative medical devices and AI, says Joroen Tas, Chief Innovation and Strategy Officer at the Dutch company.
The tech giant showed that even weaker-than-expected iPhone sales can't slow the technology giant down. The company reported strong second-quarter earnings Tuesday, with more than $61 billion in revenue.
The social media company couldn't recover from the backlash over its redesign, posting a miss on both revenue and user growth.
A federal judge heard closing arguments this week about the merger and its potential impact on consumers. If the two companies are given the green light to join forces, it could smooth the way for other mergers, including the Sprint/T-Mobile partnership, said Dan Primack, business editor at Axios.
The VR company's latest mid-range product doesn't need to be tethered to another device, and it can sync up with TV apps or personal photos.
President Trump is delaying a decision on whether to impose tariffs on the EU, Canada, and Mexico by 30 days. The EU slammed this decision, saying "we will not negotiate under threat." Back in March, the Trump administration announced plans to impose tariffs on steel and aluminum imports from other countries.
The co-founder of WhatsApp is leaving the company and the board of Facebook. Jan Koum reportedly clashed with the social media giant over its data privacy policies. Facebook bought WhatsApp in 2014 for roughly $19 billion.
We're joined by James Reinhart, the CEO of thredUP, to discuss the growth potential in the resale retail market. His company thredUP is an online platform where people can buy and sell used clothing. Reinhart tells us how he's looking to expand thredUP into brick and mortar stores.
