Target sales surge as customers flock to low-cost retailers
Target’s profit and sales beat Wall Street expectations, in the latest sign that shoppers are flocking to discount chains as inflation keeps prices high. The “cheap chic” retailer on Wednesday raised its full-year profit outlook and reported its first quarterly comparable sales increase in more than a year as price cuts drew more shoppers to […]
Elon Musk says Reuters ‘lying’ in reporting Tesla scrapped plan for low-cost car
Dan Niles, senior portfolio manager at Satori Funds, joins “Morning with Maria” to share his stock picks as investors await the March jobs report. Tesla CEO Elon Musk on Friday accused Reuters of “lying” after the magazine reported that the electric car giant would abandon production plans for a long-touted budget-friendly starter car. ” he […]
Tesla scraps Elon Musk’s goal of low-cost car amid fierce Chinese EV competition
Tesla is backing away from long-promised low-cost cars that investors have hoped will help fuel its growth into a mass-market automaker, according to three people familiar with the matter and a company message seen by Reuters. Canceled. The company will continue to develop self-driving robotaxis on the same small car platform, the people said. The […]
Pentagon seeks low-cost AI drones to bolster Air Force: Here are the companies competing for the opportunity
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