Morning Brew Daily Bezos-Backed $20K EV Truck Unveiled & Shein and Temu Raising Prices?
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Apr 28, 2025 Dive into the reveal of a new $20K electric pickup, the 'anti-Cybertruck' that promises affordability and customization. Retail investors are proving their mettle against market volatility, proving strategic patience trumps panic. Meanwhile, Shein and Temu face price hikes due to incoming tariffs, stirring up retail competition. Plus, Wrexham FC’s surprising resurgence captures attention, showcasing the impact of smart investments. Get ready for insights into upcoming economic indicators and market trends!
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Retail Investors Embrace Patience
- Retail investors have shown patience during recent market volatility, contradicting the 'dumb money' stereotype.
- Buying the dip like Warren Buffett suggests has become a widespread retail investor behavior.
Slate’s Modular $20K EV Truck
- The Slate EV truck offers a base model with no extras, contrasting typical luxury EV strategies.
- Its modular accessories let buyers customize while keeping initial costs extremely low.
Tariffs Crippling Shein and Temu
- Removing the de minimis exemption will impose steep tariffs on small imports under $800.
- This forces Shein and Temu to raise prices, threatening their core low-cost value proposition.