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.
Ride share competitors Uber and Lyft both posted their fourth quarter earnings days apart from each other. Both companies have been trying to get back on their feet after taking some pandemic-related hits, but the Omicron variant had other ideas as the year came to a close, with each company taking a hit in ridership in December. Lance Ippolito, head trader at The Future of Wealth explains how Uber and Lyft measured up this earnings period and why Uber may still have an edge over the competition.
Parallel Systems has been selected to receive $4.5 million from the Department of Energy for an advanced testing program of its autonomous, battery-electric rail vehicles. The startup, which has raised more than $53 million to date, was founded by former SpaceX engineers to reimagine the rail system by creating a more efficient, decarbonized freight network. Matt Soule, Co-founder & CEO of Parallel Systems, joined Cheddar's Opening Bell to discuss what the company hopes to achieve.
