The car industry in general for the past couple of years now has had hundreds of thousands of new cars, sitting on lots, for over a year, unable to sell because prices keep going up, build quality/reliability keeps going down.
Last time I was in Seattle, I stumbled upon a parking lot in SoDo that just had hundreds of overflow Tesla Y's.
Then, a second lot, with Y's, S's and X's.
The second lot didn't even have a single guard. Just a chain link fence with barb wire and a padlocked chain across the gate.
Can't lower prices because need insane profit margins to pay CEOs and corporate debt.
Oh well, the yield curve recently uninverted, Trump got elected on promising to put massive tariffs on everything and round up / deport all the migrants that make the domestically produced and domestically consumed staple goods everyone needs.
The car industry in general for the past couple of years now has had hundreds of thousands of new cars, sitting on lots, for over a year, unable to sell because prices keep going up, build quality/reliability keeps going down.
Last time I was in Seattle, I stumbled upon a parking lot in SoDo that just had hundreds of overflow Tesla Y's.
Then, a second lot, with Y's, S's and X's.
The second lot didn't even have a single guard. Just a chain link fence with barb wire and a padlocked chain across the gate.
Can't lower prices because need insane profit margins to pay CEOs and corporate debt.
Oh well, the yield curve recently uninverted, Trump got elected on promising to put massive tariffs on everything and round up / deport all the migrants that make the domestically produced and domestically consumed staple goods everyone needs.
Won't be long now till Great Depression 2.0