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The value of their inventory is plummeting and those margins will continue to contract for however long it takes the last couple of bubble years to work their w
by femto113 4y ago
The value of their inventory is plummeting and those margins will continue to contract for however long it takes the last couple of bubble years to work their way through the system. Maybe the brand would survive a bankruptcy, but the equity definitely won't, and the bondholders are going to take a serious haircut too.
- gopher_space 4y agoPandemic quality builds of large, expensive internal combustion vehicles at a time of soaring gas prices, limited parts, and rising labor costs. Parting them out might make sense.
- nradov 4y agoIs that a joke? Parting out cars is very labor intensive and only makes economic sense in limited circumstances. Outside the HN bubble, most US consumers still want internal combustion vehicles regardless of gas prices.
- gopher_space 4y agoJust a tongue in cheek way of suggesting the vehicles are worth less than the sum of their parts. I don't know that there's a HN bubble. Devotion to ideology seems to be kept in check by people known for their work who'll occasionally come down off the mountain. what's the difference between a bubble and a point of view? Is my BoF meetup biased because we're sticking to certain subjects?
- coding123 4y agoYou're rich enough to be on here not working at Taco Bell. A taco bell employee wants a Tesla but will buy the ICE