Quote:
Originally Posted by Cos270
Exactly. I’m tired of explaining how the auto industry works to people, so I didn’t even respond haha.
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like people don't get that for 2021 OEM 1st tier suppliers simply extrapolated 2020 depressed covid volumes from IHS Markit because the OEMs never tell them shit because over the last 3 decades they've gotten used to pushing the surplus inventory risk onto them.
Tesla came around in 2016/17 and started locking up their supply chain with discrete orders and forecasting and all OEMs laughed and laughed at how stupid they were ...
and then BOOM, suddenly OEMs have their asses hanging out, scrambling for inventory from suppliers.