*By Michael Teich*
Tesla's Model 3 Performance vehicle is bad news for the company's haters, said Wall Street Journal auto columnist Dan Neil.
"Tesla runs their company in a different way, and it drives people crazy. But you can't argue with the results," Neil told Cheddar in an interview Friday.
Earlier this year, CEO Elon Musk announced the high-performance Model 3 Performance vehicle on Twitter. According to Musk, the dual-motor, all-wheel drive car "will beat anything in its class on the track." Neil was the first person to test drive it, and he was thoroughly impressed.
"This thing is magnificent, a little rainbow-farting space ship," he said in his review. "They have a schedule of innovation ahead of them."
Sans additions, the base price of the Tesla Model 3 Performance is $64,000, but it may sell for $78,000 with certain upgrades. The car is advertised with a 0 to 60 mph acceleration time of 3.5 seconds.
Whether reviews of the souped-up version will make up for recent struggles at Tesla remains to be seen. Many Wall Street analysts have grown skeptical of the company's capacity to meet expectations for even the regular version of the Model 3, which is supposed to cost as little as $35,000, though that configuration isn't available yet. And CEO Elon Musk's latest [blunders](https://money.cnn.com/2018/07/17/technology/elon-musk-twitter-investors/index.html) on Twitter aren't helping. Even if Tesla overcomes the hurdles of production, investment bank Needham says consumers are losing patience: the analyst estimates that about one in every four Model 3 orders is canceled, about twice the rate of late year's reports.
For the full segment, [click here.](https://cheddar.com/videos/behind-the-wheel-of-the-tesla-model-3-performance-vehicle)
There is a new player in the mobile app stock trading space.
Zingeroo recently announced a funding round of $8.5 million. The company says it aims to bring 'friendly competition' to stock trading, by literally breaking trading down into daily and weekly competitions between friends. Zingeroo also says it hopes its new approach can make trading more accessible, educational, and social than ever before. Zingeroo co-founder and CEO Zoe Barry joins Cheddar News' Closing Bell for more.
As cell carriers AT&T and Verizon planned to roll out nationwide 5G service this week, the FAA and U.S. DOT are asking the companies to pause their plans so more research can be done on the impact 5G has on aircraft technology. The companies are refusing, citing French regulations that limit wireless signals around airports while allowing research to continue. This week's launch wasn't the first time concerns have delayed 5G — last year, Airbus and Boeing express concerns, pushing the deadline into November, December, and then into this year. So what happens now — and what happens next? Will 5G roll out this year as expected? Jon Swartz, Senior Reporter at MarketWatch, joins Cheddar News' Closing Bell to discuss the state of the planned 5G rollout, why the FAA and U.S. Department of Transportation are asking carriers to stall the launch, and more.
Tyrone Ross, CEO of Onramp Invest, joins Cheddar News' Closing Bell, where he explains why he believes the current crypto slump is expected to persist and says that investors should be focusing more on Bitcoin's hashrate when it comes to metrics.
Luke Larsen, senior editor at Digital Trends, joins Cheddar News to discuss the largest tech convention in the world, CES, kicking off in Las Vegas this week.
