GM going out of business ?

Or is it going to get bailed out again?

For all the Tesla haters, it should be pointed out that the ev company's free cash flow is $2.5B in 2021, while GM has been free cash flow negative since 2014, (2021 is -$12B) yet still posting positive earnings per share. How is that possible? Who is buying their unsecured notes? Also, GM is projecting 15% EV sales by 2025, that's 300k cars based on their current sales figures of about 2 million cars (half what they were 20 years ago).

As the market collapses, maybe shorting GM is the best trading strategy?

 

GM is retooling. That hurts fcf but not earnings as that expenditure is capitalized.

 

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52 week GM chart looks pretty good \\ 6 month looks pretty bearish

 

Who is buying their unsecured notes?

I could be wrong, but didn't the bond holders get screwed during the last bankruptcy? Something to do with them not getting priority in line as a debtor should because someone ruled otherwise. That's got to be the ultimate burn for a bond-holder.

 

The GM 5 Year Credit Default Swaps pricing has been really stable for the past several months.

 

Where do you get that information? Aren't OTC derivatives kept secret?

 

It seems that possibly the EV virtue signaling by GM was for the purpose of getting more corporate bond buyers and BlackRock money?

 

what are you smoking OP?

 

Talking to me? Why are you showing the same data on 4 different looking charts?

 

to drive the point home