Mar. 12 at 12:56 PM
$GM This isnt an engineered shortage, like they did during COVID, when they knew the economy was flush with cash and the supply demand imbalance, would drive prices higher, which is did. This is more relative to the fact that, consumer liquidity and ability to borrow is paltry at this point and they prob dont want to overextend inventory to dealers who also buy on floor plan lines and if they dont sell the cars, they also default to manufacturer among other things. Net Net, anyone buying this thing and not shorting with both hands in this kind of a consumer(not AI) contracting economy with the intro of autonomous driving(of which they have no presence), in my opinion, is wild. Oh yeah, and its abundantly clear to anyone paying attention that this entire move higher is specifically and utterly related to buy backs, which means the stock is resting on a foundation of pillows, with an easy 20-30 percent down move seemingly inevitable
