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If I'm not recommending Rivian, then I would also vote for the iX. It generally is at the top of reviews for electric SUVs. Not really capable in terms of anything off-road like Rivian but as a people mover, it will serve you well.

Nobody would argue that, but most of us in this forum don't own private jets or maybe I read the room wrong. People who have that kind of wealth pay a lower effective tax rate (often times zero) because the system is setup to give them loopholes out of taxes that people who earn income from...

That is a general comment about how the rich avoid paying taxes - not specific to deducting mileage and transportation as a business expense. You chose to selectively include that sentence but the context was borrowing against your assets at an ultra low interest rate and using that as income...

You are equating the hundreds of thousands of dollars in deductions incurred for what is possibly the worst kind of travel for environmental impact to the miniscule .55 cents a mile that an average person would deduct driving a fuel efficient vehicle. We should allow deductions for...

Nobody said anything about evading taxes. A $20M private jet and a $22K Corolla are not even in the same universe. Maybe rich people shouldn't be able to leverage mileage like working class people do since we have a much higher marginal tax rate. Just saying.

Bingo. John Travolta has a private plane (he has a commercial pilots license) and when he was doing films (in his heyday) he would make the studios pay him for taking his plane to various locations, including his salary as a pilot, fuel costs, etc. He then wrote those costs off since he is a...

This is how rich people stay rich. They borrow against their assets and pay virtually no taxes on the ultra low-interest loans that they actually use for income.

He's selling allotments through a pre-planned scheduled set of transactions and he is then turning around and exercising his rights to buy additional shares at pennys on the dollar. This isn't anything unusual for CEOs.

Right. And they are still in a very strong position and are the #2 in overall sales. Rivian and ICE OEMs are not on the same footing because they don't have the same access to cash to keep them afloat.

They are in much better shape than Rivian despite those loans. Are you going to argue that? They and other ICE OEMs have massive amounts of collateral that Rivian doesn't that allow them to get notes at very low rates. They also have the ability through volume contracts with suppliers to reduce...

They aren't exempted but Legacy ICE OEMs have large stockpiles of profit they are sitting on from those ICE vehicles that they can fall back on and they aren't losing billions per quarter like Rivian. Toyota Cash on Hand as of December 2024 : $88.41 Billion USD Cash and Cash Equivalents...

That all factors into demand though, right? The market for $100K utility EVs is elastic. Luxury goods are the first to go in bad economic conditions and those conditions have been fermenting for months. Rivian faces growing competition in the segment, especially from Hyundai. Other OEMS that...

Rivian already has a demand problem for R1 vehicles. This, along with pulling back EV subsidies, is going to hurt Rivian significantly.

Maybe I'm wrong about this (probably not) but isn't the battery the most expensive part of the vehicle? Aren't most of the battery components sourced outside the US at least for R1 vehicles? Asking for a friend. "Rivian sources its battery cells from Samsung SDI in South Korea, which are...

Because you can believe anything EM or Tesla says....

🐐 👑

~80% of Tesla vehicles on the road are HW3 according to Google AI. That's a lot of Wile e Coyote deaths. I wouldn't put my or my families safety in the hands of EM for any amount of money. But for those that would, you do you.

I'm just here to applaud the world-class memes. :clap:

I sold when the stock took a big dip in 2023 and I've slept a lot better since even knowing I forfeited tens of thousands of dollars in profit since I usually make investments for the long term.