Is the inflated Bike market finally crashing?

jimvreeland said:
I'm talking retail in general. Not just bikes.
Click to expand...
Agreed. Anything you read from Wallstreet indicates that " the market" wants to cut out the middle man with "direct to consumer" across all industries. And throw in that awsome AI customer service that prevents you from actually accomplishing anything...

I feel a buyer's malaise in the making.
 
RockNRoller said:
Agreed. Anything you read from Wallstreet indicates that " the market" wants to cut out the middle man with "direct to consumer" across all industries. And throw in that awsome AI customer service that prevents you from actually accomplishing anything...

I feel a buyer's malaise in the making.
Click to expand...
I suppose the obvious transition to a productive life for those currently employed in retail will be to learn how to code...watch out @Patrick , there's going to be lots of competition on the market and they'll be gunning for your MTBNJ.com fat monthly check...
 
Bike N Gear said:
www.bicycleretailer.com

Specialized laying off 8% of its employees

MORGAN HILL, Calif. (BRAIN) — Specialized announced Wednesday that it is laying off 8% of its workforce in what the company called a “transformation.” The layoffs are across the company globally, including at company-owned retail stores in the U.S. and overseas. Public filings show that the...
www.bicycleretailer.com www.bicycleretailer.com

And they bought a new building for $14.9 million.
https://www.bicycleretailer.com/ind.../specialized-buys-former-pearl-izumi-building
Click to expand...

The gall it takes to put this in your press release:

“Our priority is to better serve riders, retailers, and communities and to be the best place for our teammates to innovate and grow" 🤣 yea, right A$$hole.

They should have stuck with the second half

"The time is now to adapt to the current environment and ultimately led us to make some extremely tough decisions today.”

At least that's honest.
 
xmonger said:
I think deflation is the name of the game this year.

Look at what Tesla just did.

www.reuters.com

Tesla turns up heat on rivals with global price cuts

The move marks a reversal from the automaker's strategy over the last two years when new vehicle orders exceeded supply.
www.reuters.com www.reuters.com
Click to expand...

Off track but I've always found the $7,500 credit really odd. The government wants to (incentivize?) people to get more electric cars on the road while doing jack shit about the infrastructure to support it.
 
jimvreeland said:
Off track but I've always found the $7,500 credit really odd. The government wants to (incentivize?) people to get more electric cars on the road while doing jack shit about the infrastructure to support it.
Click to expand...
True. In fact they are taking grid infrastructure offline in many places.

I no longer find anything thing the government does as odd. I'm only puzzled when they do something that makes sense.
 
jimvreeland said:
Off track but I've always found the $7,500 credit really odd. The government wants to (incentivize?) people to get more electric cars on the road while doing jack shit about the infrastructure to support it.
Click to expand...
xmonger said:
True. In fact they are taking grid infrastructure offline in many places.

I no longer find anything thing the government does as odd. I'm only puzzled when they do something that makes sense.
Click to expand...
That is because y'all not privy to what is the secret weapon in the energy revolution that the administration is about to unveil...wood powered cars!

Firewood-Powered-Vehicles.jpg
 
jimvreeland said:
Off track but I've always found the $7,500 credit really odd. The government wants to (incentivize?) people to get more electric cars on the road while doing jack shit about the infrastructure to support it.
Click to expand...

Federal Funding Programs | US Department of Transportation

While the funding table at the end of this section provides a comprehensive list of available programs, the below overview highlights some of the most relevant and widely used programs for rural EV infrastructure. These “key programs” are organized by administering agency.
www.transportation.gov www.transportation.gov

I won’t argue that more needs to be done, particularly in grid work.. but 7.5 billion… it’s a start.
 
1TrackMind said:

Federal Funding Programs | US Department of Transportation

While the funding table at the end of this section provides a comprehensive list of available programs, the below overview highlights some of the most relevant and widely used programs for rural EV infrastructure. These “key programs” are organized by administering agency.
www.transportation.gov www.transportation.gov

I won’t argue that more needs to be done, particularly in grid work.. but 7.5 billion… it’s a start.
Click to expand...
The money is primarily for outlets (chargers), meanwhile "non green" energy production is continuously under attack and being taken offline in many places.
 
1TrackMind said:

Federal Funding Programs | US Department of Transportation

While the funding table at the end of this section provides a comprehensive list of available programs, the below overview highlights some of the most relevant and widely used programs for rural EV infrastructure. These “key programs” are organized by administering agency.
www.transportation.gov www.transportation.gov

I won’t argue that more needs to be done, particularly in grid work.. but 7.5 billion… it’s a start.
Click to expand...
If I'm not mistaken there's no mention of the production of the energy that such infrastructure is supposed to distribute. Is it considered part of the infrastructure? I would think it would be specifically mentioned in order to determine what amount of the grand total would be devoted to production Vs distribution...
 
You must log in or register to reply here.
Back
Top Bottom