What are the key takeaways from “WTF Is Happening To The Car Market?” on How Money Works?

What is this episode about?

Major automakers are suffering from a 'great flip-flop'—massive capital losses from failed EV pivots—compounded by the erosion of brand prestige as performance capabilities democratize. With rising interest rates and a wall of consumer debt, manufacturers are struggling to sell expensive new models to a market that is increasingly opting to keep their existing, reliable vehicles.