Yeah, but they’ve apparently produced ~50k more than delivered. How much does it cost them to store those extra? How much have they invested in those and not quickly recouped their manufacturing cost? So they basically have around 20% of their production numbers just sitting unsold? Those numbers anyway you cut it are very, very bad.
That’s also just the most recent quarter. They’ve been “building inventory” for the past couple of years now and it’s a lot closer to 120k cars unaccounted for at this point.
Yeah, but they’ve apparently produced ~50k more than delivered. How much does it cost them to store those extra? How much have they invested in those and not quickly recouped their manufacturing cost? So they basically have around 20% of their production numbers just sitting unsold? Those numbers anyway you cut it are very, very bad.
That’s also just the most recent quarter. They’ve been “building inventory” for the past couple of years now and it’s a lot closer to 120k cars unaccounted for at this point.