Tesla sits on at least 9,500 unsold vehicles

01 May 2023
This is the highest inventory level the company has ever had and these are vehicles without an owner - not in transit.

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  • Wile E

I would throw in....... People are not buying because fed interest rates are up 5.25% in nearly 6 months, making a 9-11% loan rates the new norm. I would not remove that much from savings for a depreciating asset that requires higher insurance nor would I take a loan at 7-9% for that same rock.

Funny how companies have been training us to buy direct w/out showrooms for decades. Now they have these required "giga" factories to keep their margins but actually need their customers to have perpetual high demand which is just NEVER going to be permanent. Victims of their own successes, careful, the customer is fickle - see Budweiser for complete story. Also, Google "wind" and which way it blows. Western driven and funded WW3 is another black swan event that does the same potentially. 🍻

  • NoGods

They sit on 9,500 because there are better EV’s out there to buy.

  • Aptera 1

With higher interest rates and federal tax incentives difficult to obtain, it's not hard to believe the demand is slowing down.

There's also more competition now. Rivian has a large SUV that can hold a family, so the Model X isn't the only show in town.

  • Anonymous

BS fear mongering. With production ramp they are producing over 10k cars a week also prepping for another busy end of quarter rush. The company will continue to grow beyond these worries

  • Smokin Paul

Anonymous, 03 May 2023Your prediction was correct, they increased by a measly $250 to try to trick buyers into fomoi... moreWhen legacy auto sells cars they sell to dealers and call them sold where they sit in dealer lots
Tesla is the only car manufacturer that sells directly to the end user and doesn't consider the car sold til it's in the end customers hands.
Tesla has real time data on sales because they sell direct. Legacy auto has a large lag in the data because they have to wait month(s) to get feedback from their dealer network.
Legacy can't constantly adjust prices to demand and are at the mercy of individual steelerships to make adjustments which are in the best interest of the steelership and not necessarily the auto manufacturer.

  • Anon

Anonymous, 01 May 2023Please mention, that people can wait for new models Tesla 3 and then Tesla Y. Present Tesla 3... moreYes this article completely ignores project highland but prospective Tesla buyers know that a model refresh is imminent.

  • Anonymous

Your prediction was correct, they increased by a measly $250 to try to trick buyers into fomoing and not waiting for more cuts

Maybe if they add 50% discount i will consider to buy one.
At first i dont trust Elon Musk and at second their cars are very unlucky have to say with many hidden problems which arises like a new dawn which in people rings the alarm to hold on before making decision to buy.

  • FoOtY

I hope Tesla will cut the price of the Model Y by 2000 euro. This will make it eligible for almost 3000 euro goverment subsidiary in the Netherlands. Sales might boom here if they could do that!

  • Anonymous

Please mention, that people can wait for new models Tesla 3 and then Tesla Y.
Present Tesla 3 and Y are old models for buyers.

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