BMW overstating accounts receivables for magical sales and profits?

Discussion in 'General' started by 101101, May 20, 2020.

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  1. 101101

    101101 Well-Known Member

    This wouldn't be anything new for BMW, it had its own Diesel gate. If flubbed emissions numbers maybe its been misstating its sales and profit numbers? Diesel gate should have been its wake up call to change and go green right?

    Every time BMW has a problem like with fires or quality it apparently triggers a bunch of FUD accusing Tesla of having that problem as a distraction- oh no its not BMW that is having the actual problem it is the competitor that is wiping BMW out... There is an article in News Week by Todd Stein claiming Tesla has never made an annual profit- when other sources confirm Tesla's first annual profit- FUD media keeps trying to affirm certain things that aren't so, like it tries to say Musk threatened to move the HQ when he actually said he was moving the HQ- not going to about it- already being done. This FUD article goes on and on and cites Einhorn asking questions about accounts receivables for Tesla claiming Tesla is inflating sales- hmm are we sure its not BMW that is inflating sales and manufacturing profit claims, that seems more likely. There have been a few Einhorn articles lately that try to pretend its possible to name drop Einhorn. This News Week article tries to compare Tesla to Enron and World com. Another one with the 'Montana Skeptic' tried to claim Einhorn was esteemed and also tried to reference him. Has anyone ever been more wrong on Tesla than Eihorn and how many have lost more attempting to short Tesla then Einhorn? Just look at the build out of the China giga factory and look at 650k Cybertruck pre-orders and look at the attempts to woo Tesla from the states and look at the stock price it is a hairs breath away right now closest its ever been from Tesla being the world's most valuable automaker- if it doesn't happen today probably will happen within the month certainly as Tesla joins the S&P shortly.

    But look BMW tried to claim a profit for the first quarter. Is that realistic (?) just look around, BMW has been losing market share for years now- you can see that everywhere in Southern California. It replaced its CEO a little over a year ago for the worst financial results in a decade but it supposed to be profitable? Because of its X series-? Really, it just cancelled bringing its top end X series to the US because the thing got around 15mpg to the gallon and had a lot less power than a Model X but was more expensive- so it couldn't compete. Lower level BMW X series are responsible- come on, Model Y just came out so their lower level BMW X series aren't competitive and surely since the first of the year X series sales reflect that. BMW kept saying its X series saved it- but I never see X series in CA anymore and that been a couple years already.

    Same sort of question for GM. Now GM has a million mile ultra Ultium battery and now it has a new super, super cruise- both strike me as vaporware. After all we saw the GM execs hear Tesla was doing a battery day and try to pre-empt making all sorts of LG based claims but couldn't even fake that they didn't know the lingo, couldn't even manage buzzwords- so how was it possible that they managed any real program in the lead up to the program?

    BMWs products are black and white tube TVs from 1963 with monaural sound. What about its shared platform 'electrifieds'- you mean the compromised redundant platform designs and builds? Those are like a 1973 wood encrusted console TVs with Technicolor. In both cases a time machine is needed to find a market where they are competitive. BMW will try to blame its problems on CV but its problems are due to the total lack of vision that rejected green. BMW will go the way of RCA but quicker. If BMW is having to work on software with VW and Daimler when it doesn't have the EV side or the green power supply chain down either, if its having to do that it should just go ahead and merge with VW and replace its redundant vision-less management with VW's. Wonder if BMW being on the right side of CARB was a precondition for VW agreeing to work with it on software- maybe it would have been on the wrong side if it had a choice? Maybe if BMW had gone green earlier it wouldn't suffer from "not invented here" and wouldn't be stuck behind a melting ICE mote
    dependent on suppliers that it outsourced almost everything too. The one piece BMW held on to was the one thing that has turned it to puddle of melted ICE.
     
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