Our series "Generation Trader" highlights the most compelling business stories that are moving the market while utilizing E*TRADE's innovative trading platform. In this episode Cheddar's Hope King and Baker Machado take a look at Tesla's performance.
The automaker reported 2017 fourth quarter earnings last week, so we felt it fitting to take a deep dive on this stock's performance and see how it compares to legacy automakers. It's been a busy time for the company's CEO Elon Musk.
Musk's other company, SpaceX, launched the original Tesla roadster into space last week with the launch of the Falcon Heavy rocket.
The day after Tesla's latest earnings report you can see a drop in investor confidence. Shares fell more than 8 percent in reaction, but the overall markets were also down big that day. While Tesla did try to smooth over concerns over Model 3 production, the automaker said it expects to spend more money this year than in 2017. The company slightly beat on analyst expectations for revenue, generating $3.3 Billion dollars for the quarter, a 36 percent increase from the year before.
Wall Street saw another day of losses in the market amid continued concerns over the banking sector and as investors digest the latest inflation data. Francis Oh, Asia-Pacific CEO of Qraft Technologies, joined Cheddar News to break down what can be expected with the Federal Reserve's move on interest rates and what to look out for with A.I. stocks, which are seeing big gains.
Adidas has decided to try to sell a portion of its remaining Yeezy shoe inventory and donate the proceeds to chartitable organizations, CEO Bjørn Gulden said Thursday.
Peloton is recalling more than 2 million exercise bikes over a safety concern with its bike seat post, and the Consumer Product Safety Commission said it's received some injury reports.
Peloton is recalling more than 2 million of its exercise bikes because the bike’s seat post assembly can break during use, posing fall and injury hazards.
