Must Read Money Stories For Wednesday, Sept. 30

by September 30, 2015

MRMSFinally, Tesla’s Model X. Tesla rolled out the electric Model X sport utility vehicle on Tuesday night, three years after it announced the SUV would join its lineup, and two years after it originally said it would introduce it. About 20,000 people have already put down $5,000 deposits for the Model X, meaning there’s a waiting list until early next year, according to The Verge. Model X has distinctive “falcon wing” doors which set it apart from other SUVs on the road.

The Shark Tank Effect. McClary Brothers, a Detroit company that makes drinkable vinegars, didn’t get an investment offer from one of the Sharks on the ABC program last week. But it got something else: business. The Detroit News says McClary has gotten 1,000 orders thus far from the publicity the show generated. And, stores all over the country have called, asking if they can carry the product.

Amazon’s riff on Uber. Amazon is testing out a program in which it will hire drivers to deliver packages using their own cars. According to NBC News, Amazon will pay drivers $18 to $25 an hour via its new Amazon Flex program. The program, part of the one-hour Prime Now feature, kicks off just in time for the holiday season. It will be available in Manhattan, Baltimore, Miami, Dallas, Austin, Chicago, Indianapolis, Atlanta, and Portland, Oregon.

The Cubs’ big comeback. The once hapless Chicago Cubs are the comeback story of the year in baseball and they’re also a big money comeback story, says Crain’s Chicago Business. TV ratings have more than doubled for the post season bound team, ticket sales are up by 3,500 per game, and the team has signed up seven companies to major sponsorship agreements, including American Airlines, Toyota (whose name now appears on the sign outside Wrigley Field) and Anheuser-Busch. It only had three such deals last year.