Not impressed with the $TSLA deliveries report. Yes, records, expected. But price cuts and further inventory buildup despite price cuts and an end of quarter push using different incentives. Things are still good now, but could get bumpy for @Tesla
Getting close to considering a TINY position in Rivian. Lot of cash, still backing from Amazon. Need to get their cash burn under control though. $RIVN
@RicochetRowdy Yeah it's just about the 3/Y. S/X hardly make a difference. But I see opportunity there. They've achieved so much with really just two mass market products.
Wish @Tesla would be more focused on increasing value to people. Seemed mostly focused on lowering costs and increasing profits. $TSLA should find less efficient ways to spend the excess cash flow?
-More service centers
-After market parts and mods
-Solar farms
Etc.
This logic seems to make sense at first glance but it's not incorporating how fast you pay it off and the decreasing amount of interest you pay ad the loan goes on. It's simply not how it really works. I hate that shit
A $400k mortgage at 2.75% is $1.6k/mo.
A $250k mortgage at 6.75% is $1.6k/mo
Price has to decline by 37.5% for the same monthly payment.
This isnโt good.