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.
The former Microsoft CEO and owner of the L.A. Clippers says the sports industry needs to create arenas where video gamers can compete. "A lot of it is virtual but some of it has a physical aspect to it," he told Cheddar's Jon Steinberg. Ballmer is looking to redesign the Clippers arena in a way that integrates concerts and eSports under one roof.
The start-up is trying to be like Stitch Fix for second-hand clothing, offering users a box of consignment shop items they can either keep or return. "There are a lot of women who are looking for stuff that might be less expensive, that are more of a closet staple," says CEO James Reinhart.
The former Microsoft CEO says that regulating how tech companies use data will provide a framework in which to work and actually enable growth. "When you're in a time of uncertainty, and you don't know what the rules are, that's when it's toughest to innovate," Ballmer tells Cheddar's Jon Steinberg.
The social media company announced Monday that it will almost double the amount of video content available on its platform. This will help TV networks "boost the ratings by slowly diversifying," says Kerry Flynn, a media reporter for Digiday.
The two companies tout their deal as necessary for innovation and claim that it doesn't decrease competition in the field. Those arguments will be difficult to prove, says Eleanor Fox, an antitrust expert at NYU Law School. The third and fourth largest mobile networks in the U.S. announced a $26.5 billion merger Sunday that they claim will help develop a 5G network and create jobs. The deal still needs approval from regulators, who have expressed antitrust concerns in the past.
Kroger is trying to streamline the grocery shopping experience and plans to hire 11,000 new employees this year. These two pillars are "complementary" with the retailer's efforts to reboot its business and expand, says Jessica Adelman, Chief Communications Officer at Kroger.
New Jersey could become home to more innovation with hands-on support from lawmakers, says Aaron Price, founder and CEO of Propelify, an innovation festival in Hoboken, NJ.
Sprint and T-Mobile are merging because shared resources help both companies achieve their ambitions, said the Sprint CEO Marcelo Claure. "The world's best partnerships or the best mergers have been formed when the two companies realize that they need each other," he tells Cheddar's
Hope King.
By combining forces, T-Mobile and Sprint can help the United States create a 5G network vital to the country's digital infrastructure, the companies' chief executives say in an interview with Cheddar's Hope King. "Our competitors are not going to stand still. They're also going to invest," says the Sprint CEO Marcelo Claure. He cites a recent study by CTIA, a wireless industry trade group which he also chairs, that said 5G networks could add 3 million jobs to the American economy.
The CEOs of both wireless providers told Cheddar Monday that it's critical the U.S. rolls out 5G technology in order to stay ahead in the global market. "We currently, as a nation, are behind," said T-Mobile CEO John Legere. The carriers announced a plan to merge Sunday, arguing that the combined company will help build out a faster, next-generation network, drive down prices for consumers, and create jobs. They still need the seal of approval from regulators who, in the past, have expressed antitrust concerns over the deal.
