I was thinking more in terms of the consumer, inflation, interest rates, and financing.
Here in the USA Tesla has a wait time also (attached). There is simply a huge amount of discussion in the USA (on the corporate and governmental level) in regards to the continued purchasing power of the American consumer, given all these factors. Also thinking about the UK with their newly released inflation gauge of over 9%.
Not to mention last weeks jobless claims, which are beginning to inch up, as CEO's look forward to the Federal Reserves interest rate increaae policy, and continued lost sales by some corporations due to supply chain issues. Both Meta and Netflix have both imposed hiring freezes and layoffs in the past 30 days.
I am in the import food industry. Mainly specialty. 18 months ago, our fill rates were 96%. Today, we can gardly break 65%, due to delays, or massive price increases. Luckily the stronger dollar is helping us, but it is having an affect on USA exports.
That was my larger point.
LYC Price at posting:
$9.59 Sentiment: Hold Disclosure: Held
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