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Robinhood admits it’s just a gambling app.
(www.theverge.com)
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this post was submitted on 28 Oct 2024
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All these copium defend the market takes, you telling me Tesla, a failed venture living off government subsidies, is worth 16x more than the hundred year old Ford that actually makes a profit without fraud?
Ford are up to their eyeballs in debt, and they completely gave up on making affordable cars, which is the market segment that made Ford what they are in the first place.
Tesla actually makes vehicles normal people can afford to buy and run, so yes, they are worth more than Ford.
Pick one
Ford is moving its prices upwards because people want and pay for what they're offering, very clearly given the statistics we have. Also to say that tesla is the brand regular people can afford when both brands have ev trucks and one has a starting msrp almost 30k more than the other is kinda hilarious.
Lastly, ford has a vehicle with an msrp of 23,920 while the lowest priced tesla vehicle is 38,890 dollars. Even taking gas savings over 5 years into account, ($4,223 if you happen to live near my area and drive about 10k miles per year) the tesla is significantly more expensive. Clearly, tesla is not the company concerned with the common man. To make that point even more clear though, one needs only to compare tesla to the Korean and Chinese EVs that are being offered at significantly lower prices.
Talking about affordable cars, and then going on about F series trucks, is pretty out of touch.
And I'm not sure what vehicles they sell where you live, but they've stopped selling the Mondeo, focus, and Fiesta, the smallest brand new Ford you can buy near me is a mustang.
Maverick.
According to the American consumer, they are affordable, or else they wouldn't be the most popular new car.
Also, you were the one that brought up affordability.
I drive a 90s volvo and you can pry it from my cold dead hands. I have no intention of buying a new vehicle any time soon. It has nothing to do with me being out of touch and everything to do with statistics concerning vehicle sales.
The American consumer is swimming in debt. What new cars they buy is not indictive of affordable. Look at the loan lengths from 10 years ago to today. 72 month loans are now normal, and 84/96 is becoming more normal than they should.
We don't get the Maverick in right hand drive markets.
Yeah idk why I'd be comparing two American companies outside of the US. Fair enough I guess though...
Tesla sell everything except the Cybertruck in right hand drive, so I think it's a fair comparison.