VC Gene Munster: Tesla Buyout Is 'Very Achievable'
Gene Munster, managing partner at Loup Ventures and a long-time Tesla bull, says there's a one in three chance Musk can take Tesla private. A Tesla-leveraged buyout, Munster adds, is very achievable.
For more on this story, [click here](https://cheddar.com/videos/gene-munster-1-in-3-chance-telsa-will-go-private).
Stocks sank on Wall Street after the head of the Federal Reserve warned it could speed up its economy-rattling hikes to interest rates if pressure stays high on inflation.
If measures of the U.S. economy keep coming in hot, as they did in January, the Federal Reserve will likely have to raise interest rates even higher than it has already signaled — and keep them there longer — Chair Jerome Powell will likely warn in testimony to Congress on Tuesday.
The makers of Toblerone are stripping images of Switzerland's famed Matterhorn and the Swiss flag from the packaging of the milk-chocolate treat as they move some production to Slovakia.
Cheddar News looks ahead to Tuesday as Fed Chair Jerome Powell will testify on Capitol Hill about the central bank's response to inflation. Earnings are also on tap from Dick's Sporting Goods, Stitch Fix and Crowdstrike.
