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Episode 19: Elon and Tesla Are in Trouble
🕑 Added 2023-10-27 00:00:04 +0000 UTCDid widdle Ewon Musk almost cwy on da confwerence caw fo Teswuh? Looks like Elon also shot up a cybertruck with a tommy gun (so cool!). Also MEETKEVIN, one of Elon's biggest fanboys, has turned on him...along with many others. Cathie Woods still loves him though. We've also got BLACK MONDAY to talk about, BITCOIN rallied on news about a BTC ETF, Pfizer's insane pricing for Paxlovid, and finally, Americans are increasingly falling behind on their car payments. Is this something to worry about?
Comments
Patrick Niepokoj
Speaking of people not being able to smoke cigarettes Ben’s girl smokes hookah like an 8th grader
🚗 Let me chime in as someone in Auto Finance! You might find this interesting (or bleak), but I got to look deeply into the tiers at which clients are ranked based on their credit strength. The upper echelon is Super ‘Prime’ (Bang on Ben!), then it’s Prime. But below that is Poor, Bad, Super Bad, Deep Bad, Super Deep Bad, and then like Dog Water / Absolute Shit. There are basically 10 tiers of abysmal but approvable credit. Even those people get approved, but I suppose their bankruptcy / repossession is still likely profitable. I thought it was a bleak but interesting look at how we just love lending money.
