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.
The gaming industry has been under the spotlight so far this year following some big mergers and acquisitions. This week featured earnings of three major gaming companies, but also Meta and for the latter, things are not doing too hot. Joining Cheddar News to break it all down was Kenny Rosenblatt, President and Co-Founder of Arkadium.
While it was a volatile week in tech as Meta experienced the biggest one-day drop in the history of the U.S. stock market, industry giant Amazon reported 40 percent growth — largely on the strength of the cloud. Dan Ives, managing director of equity research at Wedbush Securities, joined Cheddar News to break down how the e-commerce company stock managed to pop despite headwinds against its core retail business. "It's all about cloud because of sum of the parts, you could argue, amazon could be $3,500/$4,000 stock just based on cloud," he said. Ives also addressed the apparent the differing impact of Apple iOS changes on Facebook and Snapchat.
Following Ford's earnings miss, the stock price dropped despite a bullish outlook from the auto giant. Karl Brauer, an executive analyst with ISeeCars.com, joined Cheddar to break down why investors may not be sold on the carmaker because of the ongoing factor of supply constraints. "The product is not an issue. There's really good product coming from them, including the electric vehicle side, and the demand is not an issue. There's plenty of demand, but nobody really has a solid grasp on when we're going to get past the supply chain issue," said Brauer.
Image-sharing app Pinterest reported big beats on its Q4 earnings for the top and bottom lines. The social platform surprised investors after seeing a decline in users while earnings and revenue were much higher than expected.
