"Seven months worth of Chevy Corvettes are sitting unsold on dealer lots
That's about 9,000 unsold models"
So I guess GM has lots of inventory. They should be out of business using Tesla short's logic!
GM is too big to fail so could count on a government bailout, which Tesla could not do.
Makes sense. Everyone who wants a GM car has already bought one. That's the short thesis when it comes to demand of Tesla cars too.
Well, you make a good point, if only GM hadn't sold a ton of trucks.
You don't see that's the point?
"So I guess GM has lots of inventory."
No, the dealers have lots of inventory. GM has sold the Corvettes.
The dealers are left holding the bag. Some think Tesla is a car company?
Yodrak, +1. Though what “bag” GM and other car makers are holding is sitting in massive lots at/near the factories.
Our local Subaru dealer has so much inventory it is not funny. They have 2-3 huge spill over lots of brand new cars.