Ganesh Srivats, who joined Tesla in 2015 and eventually came to be in charge of global growth, is the latest in a [series of top-level executives](https://www.reuters.com/article/us-tesla-executives-factbox/factbox-tesla-executive-departures-since-2016-idUSKCN1IG2G2) to step down. His departure comes days before Tesla is set to announce its second quarter earnings. Cheddar's Kristen Scholer and Tim Stenovec break down the latest.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.