The bank will not get the car out of the deal to resell, only way that happens is repo. If you are trading in a car with a loan on it the dealer gives you an offer, then they finance you a new car with the negative equity rolled in and use that portion of the loan to pay of the car to the financer.

We’re not at year 70 of EV charger networks,... we’re at like year 15. At that point there were HUGE developments in gas pump design still decades in the future.

I was wondering how the fanboys were going to defend this obviously idiotic move,... I knew that the “12D chess” defense was an option.

The used vehicle doesn’t have to be a windfall. As far as I know, whatever transaction takes place with the vehicle that was the collateral for the loan, the bank still gets made whole. The borrower is on the hook for the difference between what the bank gets for the vehicle and the balance of the principle.

I hate to tell you this, but this kind of stuff barely cracks the top 25% of stupid in this world.

Because wealth has approximately nothing to do with merit?

Yeah,... damn her for making me sort of take the dealer’s side...

The bank supposedly cleared $40k in interest on an investment of less than $100k in 3 years. I don’t see how that’s not a winner.

I generally don’t blame the poor for being poor or the financial issues that come with it,... I will, however, judge the upper/upper-middle class for being up to their eyeballs in debt.

I mean,... this has got to be one of those broken clock situations.

We can also throw all the money spent globally on the nothing burger that is hyperloop... That’s all collapsing at the moment as well.

This ^^^ isn’t to justify Elon’s compensation or support the man...

“Working for free for 6 years” seems like a pretty big stick to me.

Credit Elon’s steering of the ship as consequential or inconsequential as you like, but he led the company to a market valuation of $700 billion

the idea that people are compensated for how hard they work is a fallacy.

This comment contributes nothing.

I don’t know if it really counts as innovation, but there is a shift happening in residential energy storage to higher voltage systems. 48V was the standard for a long time because it was fairly idiot proof and many systems used lead acid batteries.

Just for some perspective,... $56,000,000,000 distributed among the 14,000 people they just shitcanned would be $4,000,000.00 a person.

It is your God given right as an American and a Texan to be pancaked by a bro-dozer without them even noticing... This right SHALL NOT BE INFRINGED.

I think that acquiring the rights to real estate where chargers will be useful and actually building out the infrastructure is the hardest part. Based on the other charger networks, choosing reliable equipment and maintaining it is also hard.