Rob Black’s Winners and Losers: SF may drop Wells Fargo

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 Black Monday, Tesla and Wells Fargo.

Today is the 29th Anniversary of Black Monday where Wall Street fell 22.6%. Everyone forgets the most important thing about the Black Monday stock market crash of 1987.

Tesla CEO Elon Musk said on Twitter Tuesday night that a year’s worth of Model 3 cars are already sold out. Musk’s tweet comes a few days after Tesla updated its website saying the delivery estimate for new orders is slated for mid-2018. Previously, the website said deliveries would begin in late 2017.

San Francisco may be dropping Wells Fargo for city business after the bank’s settlement with regulators over the opening of 2 million accounts opened in the names of customers without their knowledge from 2011 to 2015.

Rob Black answers Elena’s question: What should I invest in if Hillary Clinton wins in a land slide?

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