Rob Black’s Winner and Losers: Apple cuts production, oil prices and Telsa Motors

SAN FRANCISCO (KRON) — On today’s edition of Rob Black’s Winners and Losers, our financial expert Rob Black and KRON 4’s Mark Danon talk about Apple cutting production, oil prices decrease and Telsa Motors.

Apple may be in a spot of trouble, at least in the short term. Apple is cutting iPhone production orders by 10%, which seem to be driven by weak demand for the new iPhone 6s.

The price of Brent crude could stay at $50 for years as the decision by the Organization of the Petroleum Exporting Countries to keep pumping could depress oil prices until the end of the decade.

Tesla Motors investors should brace for a series of developments in 2016 that are crucial to understanding its story and “bigger mission,” Morgan Stanley said Tuesday. On the one hand, the company will continue to burn cash through the fourth quarter and into 2016, nearly $1 billion worth in the next 12 months.

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