GM
General Motors Company
stockNYSE

If GM finances a fleet of cars and trucks for an unprofitable startup developing autonomous driving and autonomous trucking with the sole purpose of entrenching GM assets in those future autonomous vehicle fleets, is that also circular financing and fraud? Because that exact scenario happened for *YEARS* during the frothiest part of the self-driving hype cycle. Every. Single. Major Automotive OEM and tier 1 supplier was throwing cash, equity, and assets into every Tom, Dick, and Harry who was in any way shape or form involved with the DARPA Urban Challenge. Also, if the price of NVIDIA chips was kept artificially high, then NVIDIA literally has competitors. Very well capitalized ones. Google, AMD, Intel, and Qualcomm could ***ALL*** have jumped on the opportunity to undercut NVIDIA and take massive, *MASSIVE* chunks of their marketshare.

Practically all auto debt is sold in a secondary market. The lenders buy the car notes from dealers. The demand is real. With NVDA, the demand was manufactured by financing that would not have otherwise been there. GMAC used to finance most General Motors car purchases; but they made interest and people mostly paid their car loans. Then the Great Recession happened and GM had to get bailed out. We shall see

If GM gives you a 0% loan to buy their overpriced vehicles - is that their own money to buy their own product? OP- you are so regarded.

This is annoying. This is the narrative that will take hold in the immediate, and a whole bunch of stock prices are going to go down as a result. Here’s the part that doesn’t make any sense… ***the demand was there***… so… why would they lower prices? Customers showed up wanting to buy tons of NVIDIA silicon, NVIDIA took the opportunity sell it to them at higher prices, and subsidized that expecting return on that later. This happens with automakers all the time. They practically all have their own financing arm of their business now, because they have to. Practically nobody can *actually afford* a car, and the cost to develop and produce a car is crazy high, so the margins are usually terrible. Those margins can be boosted by the automaker making extra revenue on the backend of the sale by issuing the debt to buy the car in the first place. They also all only finance the vehicle purchase if you buy the vehicles they make. GM Finance won’t give you money to lend or lease a Nissan. Does this inflate the price of any individual vehicle? Yes, because the purchase is now subsidized. So, you can either borrow to pay more your giant pickup truck, you can get a cheaper smaller econo-truck, or go without. If your demand is high, then you may be inclined to borrow and pay more. **That’s how** **it’s** **supposed to work. It isn’t a scandal.** If this glut of chips “scandal” made any sense, then AMD, Intel, and Google could have spent all this time absolutely ***decimating*** NVIDIA’s marketshare by just massively, massively undercutting them. There’s a price difference where you will just eat having to port away from CUDA, for absolute certain. CUDA is mostly a convenience, it’s ecosystem gravity, that’s why it adds value to NVIDIA GPUs. It’s not some kind of core technological IP itself. If all those other semiconductor makers wanted to dethrone NVDIA, this glut of chips “scandal” would have been prime time to do it. Looking at the prices of AMD RX and Intel ARC GPUs tells me demand was driving the cycle and NVIDIA was goosing their bottom like exactly the same way GM finance gooses GM’s. Demand-side subsidies make prices go up. That’s why subsidizing healthcare, education, etc. drive prices up. The demand is inelastic. Now, like I said, this is annoying because this dumb narrative will drive sentiment and sentiment will drive stock prices.

This. I'm profitable (but by no means rich, just enough to pay for my rent and necessities in a pretty small/old apartment that I share with roommates), and champ in Overwatch. They seem completely unrelated, but I noticed so many parallels. 1-3% of day traders are profitable, and I sit at the top 0.1% of all players in ranked (stay with me now). The thing I've always said to people in Overwatch is that FAR more people can reach Grandmaster (top 1%), but the reason no one does is because no one tries to actually do the things that make you improve. Everyone just grinds, hundreds of games in a season, thousands of hours, only to remain hardstuck at a mediocre rank and get mad at others, saying GM or champion is realistically impossible and to give up. But I have not seen ANY of them reveiwing their own gameplay, stopping after 3 losses, taking a step back, focusing on one aspect at a time, etc. **Sounds AWFULLY familiar with day trading.** Many people claim it takes "years" to be profitable, and that's if you even get to be at all. I'm not going to say how long it took me, but I'll say it surely didn't take "years" nor did it feel particularly any more difficult than learning a new skill or instrument. "Oh but in day trading you're going against traders who have multiple monitors who work in hedge funds blah blah" and I also am going against former and current pro players who play at the world cup level who get coaching from coaches who have years of coaching the best of the best. I'm just someone who plays Overwatch for fun, yet I'm competing at a similar enough level in ranked and getting into the same lobbies as some of them. It's literally just a doomer mindset with an ego too big for their own good preventing them from seeing the obvious mistakes they're making. **This applies to both Overwatch/gaming and trading, and watch me get downvoted with people telling me I'm lying or that this is AI.** It will further prove my point.

His succession assumption is like LeBron leaving the Cavs in 2010 and assuming the GM has a back up plan and can replace him one for one. Jensens don’t just grow on trees. OP did not DD well enough.

GM anach

Nio has the same company structure as basically GM with multiple car brands, but with NIO they always separate them and bash on one or the other or bash on them all while with GM. They batch them altogether into one and they do a total delivery. They don’t break them down. This is total stock manipulation in misinformation, and false news..

I'm a GM at a landscaping company and that's basically my job too lol

Yeah he’s an idiot whose companies have made less profit in their lifetime than GM has made since 2015. Just because he has a cult like following and his companies trade as meme stocks doesn’t mean he’s actually making money. That’s how much he’s worth on paper. Give me a break lmfao

I had a gay GM that got let go because he kept hiring gay people to work and would hit on them and text them for sex.

Jerry Jones just announced he is hiring him as GM

This was perfect to get the day started. GM!