Business Insights and Market Implications Summary

Slate's $20,000 EV Truck

• Product: No-frills, two-door electric pickup truck targeting price-sensitive consumers.
• Price: Sub-$20,000 after incentives.
• Features: Minimalistic design (no radio, touchscreen), single color (gray) with optional vinyl wraps.
• Manufacturing Strategy: Simplified process using molded plastic to reduce costs.
• Market Strategy: Similar to budget airlines, focusing on quick profitability through stripped-down, customizable EVs.

Fake News Impact

• Prevalence: Increasing online, causing confusion and eroding trust in legitimate news sources.
• Demographics: Only 2% of young people can identify fake news.
• Types: Includes satire, clickbait (for profit or propaganda), and misinformation.
• Consequences: Can influence opinions, ruin lives, and impact major decisions.
• Solution: Emphasis on awareness and critical thinking to combat spread.

Rivian Concept Experience in NYC

• Location: 5,000 sq ft immersive showroom in Meatpacking District.
• Focus: Adventure and community engagement, showcasing R1T, R1S, R2, and R3 models.
• Design: Avoids traditional dealership feel with large display cases, informal seating, and a coffee bar.
• Events: Hosts test drives, events, and family-friendly activities to foster local presence.

Certified Pre-Owned (CPO) Car Warranties

• Coverage: Varies by manufacturer, starting from original in-service date.
• Types: Powertrain (engine, transmission) or limited/bumper-to-bumper coverage.
• Exclusions: Maintenance and damage not covered. Some include roadside assistance.
• Manufacturers: Acura, Alfa Romeo, Audi, BMW, Buick, Cadillac, Chevrolet, Chrysler, Dodge, Fiat, Ford, Genesis, GMC, Honda, Hyundai, Infiniti, Jaguar, Jeep, Kia, Land Rover, Lexus, Lincoln, Maserati, Mazda, Mercedes-Benz, Mini, Mitsubishi, Nissan, Polestar, Porsche, Ram, Rivian, Subaru, Tesla, Toyota.

Canopy Growth Corporation (CGC)

• Status: Data feed for CGC news is currently unavailable.

Art Basel and UBS Art Market Report 2025

• Market Size: Global art sales at USD $57.5 billion in 2024 (down 12% YoY).
• Transaction Volumes: Up 3%, with high-end market most impacted.
• Buyers: 44% of dealers' buyers were new, 38% of sales to first-time buyers.
• Representation: Gallery representation of female artists rose to 41%.
• Collecting Trends: 91% of HNWIs optimistic about art market; China leads in spending but impulse buying has reduced.

Ford Scraps EV Network Architecture Development

• Project Cancellation: In-house "FNV4" project for next-gen EV architecture canceled due to costs.
• Strategy Shift: Focuses on current software system and existing electrical architecture.
• Partnership: Volkswagen partnered with Rivian after failing own software projects.

Shein and Temu Tariff Impact

• Cause: Reinstatement of 120% tariffs or $100 package fee on low-value goods ($800 threshold).
• Impact: Prices for Shein, Temu, and other Chinese retailers have increased.
• Adaptation: Temu shifting to local U.S. suppliers to avoid tariffs.
• Previous Attempt: Earlier tariff exemption removal caused delivery disruptions.
• Critics: Argue loophole hurt American businesses.