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Joined 1 year ago
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Cake day: August 4th, 2023

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  • The large profit margin SUVs are necessary for a company to achieve scale to then be able to produce the smaller cheaper stuff. Fixed costs like the factory, tooling, training, designing, that all takes a lot of money up front before even selling a single vehicle, and the smaller and cheaper the vehicle coming out of that production pipeline is, the longer the payback period will be. And when we’re talking about billions of dollars in cost, it’s hard to remain solvent when interest payments on the debt grow exponentially over time.

    It’s why before tesla there had not been an American auto company startup for like 70 years, Tesla almost went bankrupt, and Rivian is just starting to head in the right direction. Lucid is probably fucked and they’re mostly Saudi owned these days anyways, and the rest of the US EV startup space ranges from a joke to a scam.

    What legacy automakers already have in staff and part of the production line established is actually kind of useless when they have to wait to establish their electric motor, battery, and chassis production, which probably just means a new factory anyways. Give it a few years and the cheaper smaller stuff will come, because right now AFAIK only tesla actually has the free cash flow to fund an EV economy car at scale. Everyone else is still sinking billions establishing any EV production at all, and interest rates aren’t helping the speed of their progress either.


  • ElegantBiscuit@lemm.eetoMemes@lemmy.mlF#€k $pez
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    9 months ago

    I also think a big part of it is how active users are counted. Saw in a different thread that it only counts accounts who have commented or posted in the last month. Well… I browse and vote on probably an average of 30-50 posts and many of their comments every single day, but the last comment I left was over a month ago.

    I also wonder if the active user count is counting people who made multiple accounts across different instances and was therefore always massively overinflated to begin with. I have 5 lemmy accounts - one on lemmy.world when I first joined, one on lemmynsfw for happy fun times, and 3 more trying to find a different instance with the de federation policy and hoster that I wanted after lemmy.world was going through their ddos downtime issue.


  • Not to mention that everything Ukraine has been asking for from the US, Taiwan already bought in numbers and has had in the country years ago. Patriot, F16, ATACMS, and the list extends below to HIMARS and artillery and Abrahams, and above to apaches, black hawks, Phalanx, a wide range of torpedos and ground and air launched missiles, and even entire submarines.

    China would also have to attack across the Taiwan straight, and amphibious landings are insanely difficult to pull off for anyone let alone for the PLA which hasn’t actually had meaningful combat experience since the Vietnam war - their Vietnam war in 1979. Any military buildup would also be obviously spotted months in advance, meaning anything from propositioned US carrier strike groups, all the way to enough time for Taiwan to build a dirty bomb or small nuke if they felt like they needed the ultimate deterrent.


  • The difference between this and 08 though is that in 08, way too many people were allowed to buy houses that were already built, taking on debt they could not handle, and speculating to an insane degree on the health of those mortgages. A structural issue with no structural cure except to bail out individual homeowners who took on way too much debt which was never gonna happen. For evergrande (as I understand it) it’s just the property developer running out of cash to pay for the construction. The homes were already paid for, so at most the house buyers will just be either SOL or directly bailed out by the government for which there is a strong case to do so, and evergrande shareholders losing their investment is not really a big deal since they’ll probably be paid out in the bankruptcy. I feel like this whole thing is a really big parallel to Silicon Valley bank, for which all the doomers were out there peddling the impending collapse of the financial system which never happened.

    If anything is gonna bring down China it will be their demographic collapse, and that is impossible to fix and already manifesting. There is of course the usual argument of a huge tax base suddenly becoming a budget liability with a significantly smaller population of people to financially support them. But the big thing that will hit the private sector is the lower population causing rising labor costs which is driving away manufacturing, and the bulk of their entire industrial infrastructure is now set up for something they will no longer be very competitive in, and for a sector which young educated urban people don’t really want to work in.