![]() ![]() The rest of Tesla’s lineup is in trouble - Model 3 Performance and Model Y Performance from Shanghai have a waiting time of only 11 days. Troy Teslike posted a very informative table that shows only Tesla Model 3 and Model Y manufactured in Fremont, Model S, and Model X from Fremont, Model Y from Giga Berlin, and Model Y from Shanghai have waiting times over 45 days. If the waiting times fall within that period, it means the production is sustainable. Each company has a number based on the production output and for Tesla, that number is between 4 and 8 weeks. It means there is not enough demand to keep manufacturing at full pace. While the short waiting times are great for car buyers, for manufacturers they mean trouble. Unfortunately, the success was short-lived, Tesla kept messing about with prices and customers simply put the brakes on. It helped a little as we can see the order backlog growing in February and March to just over 100,000 orders. ![]() Realizing the reproduction was ramping up, Tesla turned to price cuts in the hope to shift the growing inventory. ![]() Now we are starting to see the reasons for Tesla's recent price cuts - after the final push in December last year, the company ended up with a backlog of just 74,000 orders. Thanks /Urd6jkRcfg- Troy Teslike May 1, 2023 Patreon allows me to continue spending a lot of time on this. I've just posted a new update on Patreon. Based on my calculation, Tesla's order backlog was 72K units on Apr 15, down from 102K on Mar 31. At the current production rate, Tesla has a 22-day backlog and if the sales don’t pick up, in about 3 weeks the unsold inventory will start piling up. Tesla keeps increasing its production rate and its Gigafactories keep hitting new targets which means more cars are coming to the market. Orders being delivered is never a bad thing but if the backlog keeps going down it means one thing - new customers aren’t buying. As of April 15, Tesla has 72,000 orders still waiting to be fulfilled and its 30,000 orders less than it had at the end of March. Thanks to Troy Teslike, we have a full picture now - on one side we have the unsold inventory, on the other we have the diminishing order backlog and now we can try and make some sense out of that. At the time of that report, Tesla had just over 9,500 vehicles in stock which isn’t a huge number but it is an unfamiliar ground for the company that only last year had nearly half a million customers waiting for their cars. Musk also warned Tesla was not immune to the global economy, which he said will be difficult for the next 12 months.Not so long ago we reported on Tesla-s unsold inventory to grow to the highest level ever recorded by the company. Tesla CEO Elon Musk told shareholders this month that the company would try advertising for the first time, in a move seen by analysts to drum up demand. Tesla is preparing to launch a revamped version of its Model 3 in the United States this year and has started shipping some of its Model Ys with new hardware for its Autopilot partially automated driving system. Tesla offered steeper discounts of $6,330 and $5,000 on some higher-priced Model X and Model S vehicles, respectively.įacing economic headwinds, mounting competition and rising production, Tesla this year has aggressively cut vehicle prices in many countries and is resorting to the traditional automakers' tactic of offering incentives to clear inventory, analysts said. ![]() Tesla also resumed discounts on some Model Ys of nearly $600 off each. That is double the $1,300 discount on Model 3 cars offered less than two weeks ago. In California, a Model 3 variant in inventory was priced at $42,060, a discount of $2,680 to the price of newly ordered cars, according to its website. inventory to entice buyers amid economic uncertainty, rising competition and the upcoming redesign of its mainstay model. SAN FRANCISCO (Reuters) - Tesla Inc has doubled discounts on some already made new Model 3 electric cars and offered discounts on the Model Y and others in its U.S. ![]()
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