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Cars are so expensive now that people can't buy them. The writing's been on the wall since Covid with the used car market and ballooning auto loans. Now that the free money era has dried up, people can't toss $50k at a truck on $50k income.

EVs especially have taken a hit as the government pulls back subsidies and consumers pass on the fad. Add in the cost of refinancing debt these days, and it's financial distress in the making. Tesla is probably just hoping they can hold on long enough for rates to drop again.

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This isn't exclusive to Tesla. Pretty much every car brand is hurting, and EVs across the board aren't doing so hot. Tesla has enough reserves to be fine, but some of the other players might fold.

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It means it's May's MAYbe you should get a new car with less than 1% down for qualified buyers!

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It means nobody is buying cars because Bidenomics have been a collosal failure and Elon is going to go bankrupt in :marseysal: two weeks

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