this post was submitted on 24 Apr 2024
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Fisker now expects to go bankrupt within 30 days (www.arenaev.com)
submitted 7 months ago by [email protected] to c/[email protected]
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[–] [email protected] 1 points 7 months ago (1 children)

Rivian has been doing layoffs at their BloNo plant recently. I'm not sure if it's just like everyone else in the tech sector or if demand is down.

[–] [email protected] 13 points 7 months ago (1 children)

Demand is down because these vehicles are pushing $100k and interest rates on car loans are 7-8%. They did recently announce some new, cheaper models in the near future so it may turn around for them.

[–] [email protected] 1 points 7 months ago

You're right. One interesting option right now is the mustang Mach E, dealers are dropping prices and Ford is giving 0% for 72mo. I just bought a California route 1 for 46k at 0%, and I wasn't planning on electrifying at current prices until that came up.