Out of the Blue and into the Black with Michael Kantrowitz of Piper Sandler
RiskReversal Pod
00:00
Elon Musk's Overpaying Carvana
Danny Moses: It's my opinion that one Elon Musk completely overplayed his hand and now he's paying for it on the back end. The underlying within the economy, what's really happening, kind of in subprime auto, if you want to call it because prime auto is still fine, you're seeing a slowdown in car sales as a result of inability to get into a car at a cheap price. So yeah, I mean, we've seen car max in the last month. We've obviously seen Carvana. There's going to be others that continues to follow suit.
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