Imagine driving cross-country in a Tesla Model 3 in just 50 hours. That's what Alex Roy, Editor-At-Large at The Drive, did at the end of December. He joins Cheddar to discuss his reaction to Tesla's autopilot feature and charging capability.
On Roy's drive, he spent about $100 charging the Model 3. He mentions the cold weather actually negatively affected the car...and himself! Specifically, cold is bad for batteries. Low temperatures slowed down the car's battery. Overall though, he says he loved driving the Model 3.
Plus, Tesla disappoints yet again in production numbers for last quarter. In Q4, Tesla delivered 29,870 vehicles, of which 15,200 were Model S's, 13,120 were Model X's, and 1,550 were Model 3's. Roy talks about Tesla's future expectations and urges customers to stick it out and wait to get the Model 3.
Breaking down the good, the bad, and the new in business on Monday, June 13, 2022, with JP Morgan's bullish Apple take, EV startup Electric Last Mile Solutions planning to declare bankruptcy, and Amazon getting ready to roll out its new drone delivery service in California.
Tech apprenticeship platform Multiverse became a unicorn with a $1.7 billion valuation, after raising $220 million in a Series D round. As companies across the country face challenges in hiring and retaining tech talent, Multiverse says it's trying to offer a solution with a new way to train and hire workers that can serve as an alternative to college and corporate training. Sophie Ruddock, VP and GM North America of Multiverse, joins Cheddar News' Closing Bell to discuss.
Bitcoin's price has fallen below $24,000, its lowest level since December 2020. Matt Hougan, CIO at Bitwise Asset Management, joined Cheddar News to discuss the future of crypto amid the latest high-profile point of concern, the halting of withdrawals at Celsius Network. "Last month we saw Luna collapse. This month we're seeing Celsius possibly collapsing," he said. "So this stress test is finding weaknesses in the crypto ecosystem and it will continue until we get to a strong foundation from which crypto can recover."
An analyst at JP Morgan is predicting massive future growth for Apple in its music and gaming divisions — to the tune of more than $8 billion in revenue by 2025. Cheddar News anchors Kristen Scholer and Hena Doba discuss the glowing forecast for the tech giant.