Todd Lassa, Detroit Bureau Chief for Automobile Magazine, discusses a recent downgrade to Tesla's Model 3 outlook for the fourth quarter as Elon Musk promises a pickup truck and new features to fans.
Lassa adds that Musk's own ambition might be beginning to catch up with him as the Model 3 has not yet proven to be profitable. He notes its major miss of deliveries in the third quarter as well.
Is there a place in the market for a Tesla pickup truck? Three major manufacturers are making $90 billion in that market, but Lassa notes how inexpensive a Ford F-150 is in comparison to the cost of a Tesla truck. He estimates that it would be several years before a car like that would become profitable for the company.
Flights in the UK experienced delays after technical issues.
Robotics company Switchbot is working on a new product that helps vacuum and mop.
Instacart filed for an initial public offering to trade on Nasdaq.
Shein and the owner of Forever 21 struck a strategic partnership that could have an impact on the fast fashion world.
A survey showed that remote workers are feeling more disconnected from their organizations.
Zillow is now offering mortgages where buyers only need to put down 1% on a down payment.
Tech giants will now have to comply with the European Union's new rules to combat hate.
Maui County filed a lawsuit against Hawaiian Electric for allegedly failing to shut off power lines during the wildfires.
Where you live can dictate how much you pay for housing. Danielle Hale, chief economist with Realtor.com, joined Cheddar News to discuss where the hottest markets for real estate are and how you can find a home in a current difficult market.
Financial stress can take a mental toll on people. Dr. Regine Muradian, clinical psychologist and member of the National Debt Relief Financial Wellness Board, joined Cheddar News to discuss strategies to ease those worries over money.
