The Daily Money 7-27-20

Welcome to the last week of July, Daily Money readers. It's Brett Molina here to deliver Monday's latest Money and Tech headlines right to your inbox.

Typically, summer means trips to the beach. For many of us, it's not happening this season. Due to the COVID-19 pandemic, Americans are staying away to avoid becoming infected with the virus. As a result, many of those beach towns we frequent fear they might not survive.

Two years, Tesla was at a critical point in its history, spending tons of cash and struggling to produce its Model 3 car. Today, Tesla is in the middle of a four-quarter streak of turning profits, and investors see a bright future ahead. Will its upcoming Cybertruck sell? Will Tesla continue to rake in profits? They're among six key storylines that could determine the company's future.

Finally, you may have heard this before, but it bears repeating: don't rely solely on Social Security for your retirement income. Here's how to beef up savings in your 401(k) or IRA.

Need another helping of Money and Tech news? Keep scrolling.

Brett Molina, Money/Tech editor