Another one bites the dust.
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Oooof, so carvana’s stock is going to rise now?
Shift happens. 
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Missed a Shift.
Lol earlier this year we were trying (mostly unsuccessfully) to offload a 2021 Performance Model 3 in the SF Bay area. No local dealer would touch it on trade. Zero bites on FB Marketplace/similar. Carvana and Vroom were offering 25% to 50% below MMR because they didn’t really want this trash Tesla either. Carmax literally told me to leave their facility without an offer because they refused to even look at the car for a quote.
But someone recommended we try Shift, and they offered MMR. We got rid of that piece of crap Tesla so fast lol. Couldn’t drive up to the Oakland facility fast enough. The next day, Tesla drops pricing by a crap ton and slaps even more discounts on the hood of inventory stock.
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Sounds like you gave them the shift. Takes a lot of dummies to drive a $150 stock to a quarter. I’m sure a bunch of rich dummies though.
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I sold my old Rx to them last year, they ended up selling it for $2k less what they paid me. When I got the offer I also drove up to Oakland like a maniac. On top of that, they paid for my Uber going home which was like $80.
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you were lucky all the way around.
50/50 in Oakland that both you and the Uber driver get jacked. Oakland and SF are just insane.
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What would happen to cars in their inventory? There was one I liked and they just reduced the price on Wednesday. I was thinking of test driving it Saturday but they went bankrupt on Friday 
Most likely wholesaled or auctioned to the highest bidder (closed auctions). Shift no longer operationally able to sell to the public.
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Turns out chasing top line growth revenue multiples at the sake of variable margins and operating cash flow results in eventually running out of money. Hmmmmm.
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I’m sure the insiders and executives had no idea while they were paying themselves millions…
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Free market at its finest - you should move out here to Norcal… seems like you know how to run the get-rich playbook.
Nothing free about this market at all. And for all the govt oversight when’s the last time the SEC has actually done something? Crony capitalism ≠free market
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