Yea man cars are fucking annoying. I just wanted something pretty nice but that I can run into the ground and not have to worry about fucking bs issues. Toyota was all I required.

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Isn’t that for cars they sell over seas…

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Tesla really is the best company of all time. Theyre the first to get a rocket to re-enter and land. Theyre the first to get satelities into space for everyday internet. Oh and they make cars. Truly undervalued even at 10 trillion it would be cheap.

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Prices for used cars on Carvana seem high when they add in all the extras like delivery charges, others.  I was shopping for a used Mustang this time last year, wound up saving about $1,000-$2,000 on the car I wanted by just searching online, then being willing to drive over to Covington, LA from my house in NW Florida.  It’s pretty good.  I like it.

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\- They sold $800M in cars to mystery party \- When asked they said it wasn't a related party \- It turned out it was DriveTime, very much a related party (family also owns it) \- These sales artificially inflated revenue numbers which is essentially accounting fraud

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In a nutshell, yeah. There are 2 types of people mainly buying cars right now. Either dogshit credit, or great credit people with probably enough money to pay cash but do finance just to keep making 4% on their money in the bank. What you don't see a lot of are people who "want" to buy but are still buried in negative equity from buying at inflated prices 2 years ago at a little steeper rate in 22/23. There's just not a lot of middle of the road credit out there in the market right now. It's either sub prime, or super prime. All of my dealerships (150+ and mainly franchise) are pretty slow and have been for ~6 months. Granted, this time of the year is usually slow, but it does tend to pick up at the end of the year.

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I forgot about that! Thanks for the reminder. Then they should have a good idea on how to price their cars.

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You need to look at the negatives as well. As someone that has been long since it was hovering between 10 and 13, I sold half my holding after the slight run up to reduce my risk. The man issues I see: 1. Cash burn- they are still burning cash and losing money on every sale. How long can they continue to operate that way? 2. they suffer the same issue as Tesla when it comes to repairs. Long service times and limited service locations. Limited charging network as well to which the can capitalize on charging prices. 3. Their cars are expensive. As someone that was looking into an EV, 75k+ is too much considering there are cheaper options. - yes they plan to release the R2 but will it be profitable and would it actually cost 45k once released given the latest tariff environment ? Would they release it on time? 4. VW were/are also backers of Polstar giving their huge investment. Polstar looks like they will go bankrupt. So VW investment doesn’t hold enough weight imo. 5. EV under the current administration. With EV credits gone, it will impact customer behavior and it will impact Rivian’s profitability. That’s a portion of their margin they will lose and possibly be reflected in their next earnings call. Also it’s still unknown if the administration would further reduce any other EV benefits as they push oil and gas products. 6. Customer spending. With no more federal EV credits and an uncertain economy, next year would customers be rushing to make a 45k purchase or hold on to their cash? With all the layoff happening as part of “AI”, how would that impact customer sentiment next year when the R2 is released. And if early sales are poor, would it have a negative run on the stock? With that said. I like their product as it looks high quality and want them to do well, but I am concerned about their profitability and if a 45k car would move the needle as there are still cheaper alternatives.

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The ability to flip cars. There’s always some kid that thinks a 3 series is an awesome car, but don’t factor in maintenance. Even better it’s pretty much delivered to you for dirt “cheap”

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Well so are alot of stocks. Why is Tesla worth do much they don't even sell that many cars.

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