Charts of stocks like these – hundreds of them now – are an indictment of the mania in 2020 & 2021. We’ll be shaking our heads for years.
The balance of loans & leases outstanding rose on much higher vehicle prices but much lower sales volume.
Romeo, battery-pack supplier to Nikola, reached the end of its runway. Nikola, which reported $0 revenues from truck sales, is desperately trying to raise cash.
Still the strangest auto market ever.
Some demand destruction is behavioral and may bounce back; some is structural, growing, and long term: The decline of an industry.
Pent-up demand in time for the recession when supply might finally rise enough? This messed-up economy will continue to dish up surprises.
And despite the surge in interest rates for auto loans.
It’s still supply-chain chaos for retailers, but different retailers face different kinds of chaos.
Average price jumps by $5,000 from year ago, to $45,495.
From SPAC merger to Chapter 7 bankruptcy in 12 months. That was fast! Congratulations on the speed and on being first!