W & OSKA Could Benefit From BBBY Bankruptcy & TSLA Raises Capex

Bed Bath & Beyond (BBBY) has filed for bankruptcy, while BofA reports that Wayfair (W) and Overstock (OSTK) could see "modest revenue upside" after BBBY bankruptcy. Renita Young discusses this, along with Tesla (TSLA), as the company raised its 2023 capex guidance. TSLA sees 2023 capex between $7B-$9B which is up from $6B-$8B. Also, a group of TLSA shareholders are contesting a nomination to the company's board. The group says that "replacing an independent director with another insider risks exacerbating existing problems." Tune in to find out more about the stock market today.