What’s fucking hilarious is Tesla is running a 0% down 0% apr loan…
Before the auto industry stopped doing those, they were sometimes referred to as a “crash out loan”.
Because you can get a brand new car for $0 for the first month, and collections move slow. It could be 6-12 months before repo even starts.
That’s not even getting into how common “thefts” of those cars happened as soon as they left the lot.
But even if it’s not nefarious, trumpers believe any day now they’ll be millionaires.
Best case scenario Tesla’s going to have a huge used inventory no one wants for a couple months payments.
Even if someone pays it off on time, Tesla still loses money on the financing. This is classic death spiral and it being a meme stock might not save it.
Quick edit to add:
People are protesting stores still, they need to protest factories. With a bloating inventory and no sales, Tesla is going to do stupid things to keep production online, be cause if they shutdown it’s a lot harder to start up when they still can’t sell any.
Factories shutting down even for a week or two could legitimately kill the company.
What’s fucking hilarious is Tesla is running a 0% down 0% apr loan…
Before the auto industry stopped doing those, they were sometimes referred to as a “crash out loan”.
Because you can get a brand new car for $0 for the first month, and collections move slow. It could be 6-12 months before repo even starts.
That’s not even getting into how common “thefts” of those cars happened as soon as they left the lot.
But even if it’s not nefarious, trumpers believe any day now they’ll be millionaires.
Best case scenario Tesla’s going to have a huge used inventory no one wants for a couple months payments.
Even if someone pays it off on time, Tesla still loses money on the financing. This is classic death spiral and it being a meme stock might not save it.
Quick edit to add:
People are protesting stores still, they need to protest factories. With a bloating inventory and no sales, Tesla is going to do stupid things to keep production online, be cause if they shutdown it’s a lot harder to start up when they still can’t sell any.
Factories shutting down even for a week or two could legitimately kill the company.
Can they brick the cars remotely or suspend whatever is needed to operate the vehicle if you miss one payment?
If you believe Musk they can drive themselves to a dealership…
I’d believe they can drive themselves through a dealership