True it’s a re-startup. Henrik’s first attempt was a failure. My point wasn’t that FSR deserves its 3 billion valuation, but that saying “omg only 10k revenue” is dumb for an obviously pre-revenue company. Stonks are forward-looking (or so the meme goes), and a year from now FSR’s revenue will almost definitely be much higher than 10k.
If they and Magna can make an EV that doesn’t spontaneously combust and whose wheels don’t literally fall off, they’ll have a leg up on most of the current competition. And then next year, the lower trim version of the Ocean will be available for 37k and they’ll also have another model selling for 30k that will be made in the states by Foxconn (last I checked). Foxconn is also making the batteries for the Ocean; I hope they prove more competent than A123 Systems was, esp with battery technology having advanced some by now.
Headline is an outright lie. Plenty of vehicles you can buy today that qualify for the credit today. 70% don’t meet the requirements to qualify in 2024 but 30% already do. 100% don’t meet the requirements to qualify in 2029 but Congress gave them 7 years to get their act together.
And these whiny titans of industry are currently getting their components primarily from China, betting favorites to invade Taiwan in that timeframe. Let’s learn from the Russian invasion and heed the red flashing lights BEFORE the shit hits fan, shall we? Crazy idea, I know…
I feel like people here are often very insulated from how most people live, through a combination of being better off and/or being smarter and more disciplined than the average person. Like if you are/were in that spot, you’d probably spend more like $300-350 on groceries, I’m guessing? But my guess is most people struggling to get by in shared housing are ordering takeout 3-5 times a week, not cooking every meal at home. Perhaps more than that, since they probably don’t work from home. But if they are buying groceries, they’re probably getting a six pack of beer a couple times a month, a favorite treat on each trip to the store, and generally not trying to shop as cheaply as possible - like always going with the cheapest brand or cheapest grocery store.
A lot of times, convenience and treating themselves is going to win the day.
I’d say China is a big underdog to invade in the next five years. If they were going to do it, a few months ago was the best chance they were ever going to get with the US and the rest of the world so focused on Ukraine. In the 6-15 year range, I’d say maybe it’s a coin flip.
China plays the long game really well. They see the US in decline and they’re on the rise, and I don’t think they’re going to want to introduce a massive amount of volatility into that equation.
But let’s say they do invade. What happens to Taiwanese companies? Is China going to make them stop selling to the Western world? I doubt it. The prices may go up, but probably not a ton. There are supply chain concerns with relying on them, and there could be a lot of volatility in the mix, but I don’t think it’s insane to still be sourcing stuff from Taiwan.
There’s also this weird dynamic where people with less money are used to running out of money, so every time they get any money they just spend all of it. If you give them twice as much money they just spend twice as much. A lot of money habits are very, well, habitual. If you have a habit of saving/deferring gratification then you will tend to keep doing that. A lot of these people have been failing the marshmallow test every day of their lives.
I wonder if the trump thing is going to move the markets tomorrow. You know, instability and civil disorder and all that. Maybe it’ll be a nothingburger.
sorry what is this poor hating shit? $500 isn’t that wild in CA for a single person’s food bill.
Yea, you can get it down to like $200-$300, or far far less if you wanna eat nothing but beans and pasta all month, but it typically involves meal prepping in a way that requires you to eat the same exact thing every single day, which is awful.
source: guy who lived of $7/hr for a decade, and lived alone. The stuff in stores is not intended for a single person to buy and consume. you end up wasting a ton unless like I said you’re willing to eat the exact same thing for week+ stretches of time.
It’s even worse because grocery stores reward buying in bulk, which if you’re single, is the worst thing you can do, so you get even extra penalized on cost.
What I typically did was eat “undisciplined” which is like, buying whole foods and healthy stuff I guess, and then in the last week of the month would scrape by on whatever.
This isn’t a single person’s food bill. The hypothetical budget suggests it’s somebody living with at least one other person and splitting the bills. So are two people living together going to spend $1,000 a month on food? If it’s 3 of them, are they spending $1,500?
Yes, I will over analyze this hypothetical budget to the point of absurdity.
We should all be insanely grateful to the people over at Softbank for doing so much to fund the millennial lifestyle subsidy with Saudi oil wealth. They could have done a lot of harm with that money but instead they just wasted it on making my food delivery cheaper over the first few years I was building my business.
