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Tesla to lay off everyone working on Superchargers, new vehicles
(arstechnica.com)
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this post was submitted on 30 Apr 2024
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The avarage used car loan in the United States is 26k. That price is not "out of reach for the vast majority of people buying used cars".
The average is not the median, and there's about 20% of the population living below the poverty line that can't qualify for a car loan. If you exclude the top 10% that can afford much higher loans, that average goes way down.
Median is 23k...
according to the 2022 US census the poverty rate is 11% not 20%, it hasn't been above 20% since 1959.