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.
Employees at Ben & Jerry's flagship store in Burlington, VT have filed for a union election.
Education technology company Chegg is releasing a learning tool that will be powered by the controversial OpenAI technology.
Homebuilder sentiment rose in April to its highest level since September, signaling optimism in the market for new homes.
Shares of Roblox tumbled after it provided a disappointing update for March metrics.
Apple officially launched its savings account through Goldman Sachs and users can set it up through their Wallet app.
Samsung is considering using Bing as the default search engine on its mobile devices, replacing Google, according to The New York Times.
Gov. Ron DeSantis and Florida lawmakers are ratcheting up pressure on Walt Disney World.
Jay Hatfield, chief investment officer for ICAP, joined Cheddar News to discuss how markets are reacting to labor market news and what the Federal Reserve will do next in terms of interest rates.
Ross Mayfield, the investment strategy analyst at Baird Ross, joined Cheddar News to discuss the choppy markets.
Kristin Cavallari, who first gained fame as a cast member of the MTV reality show Laguna Beach, is now the founder of a beauty company called Uncommon James. Cheddar News anchor Hena Doba took a walk with Cavallari to discuss her many business ventures.
