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 Energy Department is making a push to strengthen the U.S. battery supply chain, announcing up to $3.5 billion for companies that produce batteries and the critical minerals that go into them.
Ed Egilinsky, managing director and head of sales and distribution & alternatives with Direxion, joined Cheddar News to discuss how bond traders are reacting to the latest consumer price index data and how they're positioning portfolios ahead of next week's release of Nvidia's earnings. Egilinsky also discussed some of the other bigger-cap companies, including Alphabet, Amazon and Apple.
Facebook and Instagram will require political ads running on their platforms to disclose if they were created using artificial intelligence, their parent company announced on Wednesday.
