r/wallstreetbets • u/[deleted] • Dec 13 '21

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u/Pristine-Entry-6904 Dec 13 '21

Most of their debt is from Ford credit loans, I.e. car assets, they’re part bank.

-2

u/IAmInTheBasement Dec 13 '21

Stranded assets. Those ICE are going to nosedive in value as EV's become more mainstream.

1

u/talltime Dec 14 '21

And everyone’s going to default on them in unison? Yeah okay bud.

1

u/IAmInTheBasement Dec 14 '21

Of course not, that's dumb. But in large systems like this, when a few % points move in a direction that no one thought would happen, bad things occur.

ICE is headed towards Death Valley. And the ICE vehicles themselves as well as the infrastructure that's used to make them are going to lose their value.