Roughly 1/3 of the car sales generated by the celebrity CEO's company last quarter were from the prior order backlog, which is now basically gone. Inventory piled up everywhere. This means new demand has recently fallen precipitously, and the company will soon experience a big drop in sales. The stock continues to sink like a stone, and the banks may soon be forced to sell a bunch of the CEO's stock in a margin call.
Posted by
ent lawyer
at
11:00 AM
Labels: blind item
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