Friday Flight - Crappy Credit Unions, Contractor Scams, & Aldi Everywhere #801

Rivian's Models

Rivian has announced two new, more affordable electric vehicle models, the R2 and R3. Joel Larsgaard expresses his excitement, noting that these models are significantly cheaper than Rivian's previous offerings, making them more accessible to a broader audience. He even placed a $100 refundable deposit on one of the new models, highlighting the appeal of the lower price point and federal tax credits 1.

   

Market Trends

The electric vehicle market is experiencing a slowdown, with companies like Ford halting production on some models due to high prices and low demand. Joel Larsgaard appreciates Rivian's effort to offer more affordable options, which could attract more buyers. He also mentions a Wall Street Journal article about a man who financed a Tesla by canceling subscriptions, illustrating creative ways people manage EV costs 2.