I mean theres a couple of layers to it. One, they don’t have the production capabilities to mass produce yet. They were able to produce ~25,000 in 2022 and then ~58,000 in 2023.

Two, the margins tend to be low on cheaper models which means you need to sell more. For a brand new company that needs to set up its own production line in addition to design, engineering, etc. it’s a lot of money to burn through.

It also gives them time to fix issues and figure things out so they aren’t recalling a million vehicles, but a much smaller set instead. These companies aren’t going to get everything right the first time so going to the mass market off the rip would be suicidal.

If they make it through the next couple years or so, we may begin to see a much more affordable price point from these new EV companies

Man is he the reason Salesforce has a weird “Hawaiian” theme in their offices.

And if you make enough to contribute to both a RothIRA and a 401k, you should do that and not pick one over the other.

Lol I’m guessing you’ve never taken bart or the mta. Singapore’s mrt is leagues better.

On the other hand, can you even comprehend what traffic and parking would be like if Singapore had US car laws? You should come to the states and try commuting daily into downtown SF or NY and see what that’s like.