Uber Moves Ahead With Its Plans For Flying Cars, But Is Their Timeline Too Ambitious
Flying cars may not be that far away. Uber says it is still committed to its plans for urban aircraft. The ride-hailing company will be holding an event in L.A. in May to demonstrate Uber's plans to have launch flying cars in 10 years.
Scott Evans, Editor at Motor Trend, says the timeline is a bit too ambitious. Evans points to Honda, which recently built its first plane, and that took more than 10 years. Honda's plane, Evans says, is just like other private jets on the market. Uber wants to create an entirely new product that doesn't exist.
Tesla reported record profits for an electric fourth quarter, but investors still have plenty of questions. The EV giant will not be releasing any new vehicles this year and provided no updates on its Cybertruck. Cheddar News was joined by Ed Butowsky, Chapwood Investments Managing Partner to go over Tesla's quarter and analyze its concerns going forward.
Julius De Kempenaer, Senior Technical Analyst at Stockcharts.com, joined Cheddar News to break down what led to Apple's massive quarter, and what the future may hold for the tech giant as competition with Microsoft ramps up.
NFT art platform TRLab recently raised $4.2 million in funding. TRLab launched just last year but says its platform focused on NFT curation and distribution is growing quickly. The company hopes to bridge traditional and digital art worlds and help artists explore NFTs as an emerging medium. TRLab co-founder and chairwoman Xin Li-Cohen and co-founder and CEO Audrey Ou joined Cheddar News' Closing Bell to discuss.
Chris Vecchio, senior analyst at DailyFX, joins Cheddar News to discuss what investors should watch as the three major indexes see wild swings all week.
