I've read them.

You've been saying that about the economy literally since 2020. The economy is going to be fine. "High degree of likelihood we will see a recession sooner rather than later" is a headline we have seen for years. Thats a "no shi- sherlock" headline. Recessions are a normal part of the economic cycle. Keep predicting one long enough eventually you will be right.

 

The economy has not been fine since 2019 - it was propped up by printing of Trillions of dollars of fake money. This money was not generated naturally, it was just infused into the system. Now that the last of those dollars are being spent, we will see what happens.

Most Fortune 500 companies are doing layoffs or have hiring freezes.
How many mom and pop shops closed down since 2019. Same goes for big box stores with Bed Bath just recently.
The Commercial loans on all those office buildings and Strip Malls are coming due soon for refis where rates are double and occupancy is at 30-40% at best.

All the Fed has to do is print more money and get the rates down and all will be right again lol

 

Like I said before, the economy will be fine.

 

Still waiting on this $50k R1T.....🤔🤔🤷🤷

 

It'll come when the economy is destroyed by COVID...no wait in 2021....no wait in late 2022....oh no Q4 2023 that will be when lol

Its like Nostradamus

 

Getting into debate and politics content. Back to the Rivian

 

<debate content removed, sigh>

In regards to Rivian, it will follow same trend as Lucid where $180k car with a few thousand miles sold for $110k on Cars and Bids. There is no secondary market for these cars largely because dealers don’t want them on trade.

I did a search and there are a bunch of Rivians on sale with delivery miles at a discount yet the company is claiming they have too many waiting customers….makes no sense.

 

These are people who bought only to flip them, some probably employees who got first dibs. They probably have a reserve set making the price too high. I wouldn't give these vultures the time of day and I suspect most people don't either.

When you say "a bunch of Rivian's", what do you mean? Two or two thousand?

 

I don’t think RIVIAN will be very successful going forward. Just looked up the delivery times in my region. Mid 2024 for the pick up that starts at $100k.

 

Tons of Rivians on the road here...

 

They've only just begun to sell in Canada. Waits for the R1T in the US are ~1-4 months if you have a service center nearby

 

264 Rivians nationwide

https://www.autotrader.com/cars-for-...&numRecords=25

You can sort by lowest mileage and there are many with less than 100 miles.

 

Again, these are people who bought to flip. No difference from those who bought C8's only to list them to make a killing

 

My R1S is locked in at the pre price hike rate and is currently configured at $79K. If I opted to flip it I could get the full tax credit (purchase agreement with the old rules) and make another ~$15 to $20k on top. That's why people are flipping

 

C8s were going for $50-100k over, most Rivians are under msrp.
These are all being sold by dealers who paid way less than retail - i just feel it’s strange to see so many available with delivery miles.