I don't buy the excess inventory claim either. They do have an excess production capacity, especially for the Model Y.
Watching CNBC. And locally here, and most elsewhere you can actually buy a Tesla without waiting 2 years. My son was in the local Tesla store with his battery issues. And the sales person there was trying to sell him a new one. The only other company with fairly shorter delivery times now is GM with their Bolt. Hyundai, Kia, Subaru, and Toyota here have 2 year waiting lists. I just got my Solterra which was ordered on Feb 12, and only because I was at the dealer as soon as orders were accepted then, so was near the top of the list, #7. If you tried to order one now, would be out of luck.
Congratulations, hope it accomplishes the task intended... take to your cabin and beyond. Picture? (probably better in the Solterra threads)
This makes sense. I prefer this more bullish Tesla source: A couple of thoughts, some in humor: "buy a Tesla without waiting 2 years" - recent Tesla price rises were to reduce demand and reduce the growing waiting times. "sales person there was trying to sell him a new one" - what? what? A salesman trying to sell? This will be the death of a salesman. Next we'll see a headline in a grocery store tabloid, "Blind Man Can't See." (*) "GM with their Bolt" - their disastrous traction battery fire recall and more recent seat belt tensioner recall may have something to do with Bolts being available because of low demand. I really had to smile at the 'sales person' comment. It reminded me of an incident in the Marine Corps. Working 3d shift in the computer room, our lady Gunnery Sargent in charge was always bringing in supermarket tabloids. We tried to tell her how inaccurate and bad they were but she insisted 'They have some good articles.' One night I wandered over to her desk and started looking through her tabloid scanning the story titles. She and the Staff Sargent noticed and I suddenly stopped, expressed surprise and said,"Hey Gunny, here is an article 'Blind Man Can't See'." ... She and the Staff Sargent came over to see it ... and I had to explain the joke. I paid for it later. Bob Wilson
In Washington state, the wait times for Kia and Hyundai EVs has pretty much disappeared. https://www.seattlehyundai.com/?utm_source=autotrader.com&utm_medium=referral&utm_campaign=autotrader_listings
Here is the local Tesla inventory, from their site, S, X Y and 3s. https://www.tesla.com/en_CA/inventory/new/ms?arrangeby=relevance&zip=V3A&range=200 https://www.tesla.com/en_CA/inventory/new/mx?arrangeby=relevance&zip=V3A&range=200 https://www.tesla.com/en_CA/inventory/new/my?arrangeby=relevance&zip=V3A&range=200 https://www.tesla.com/en_CA/inventory/new/m3?arrangeby=relevance&zip=V3A&range=200 To me that looks like a lot, at least compared to others. I am not saying it is excess inventory, as that is a very relative term these days. But it certainly is a lot more than it used to be. Even just a few months ago, an M3 order delivery was 4 - 6 months here. So has definitely changed. Also the used Tesla inventory has really ballooned. Again these are just local (within 250 kms), not province wide or Canada. Langley (part of metro Vancouver) is where I live. https://www.autotrader.ca/cars/tesla/bc/langley/?rcp=15&rcs=0&srt=35&prx=250&prv=British Columbia&loc=v3a 8n1&hprc=True&wcp=True&sts=Used-Damaged&inMarket=advancedSearch
Got to be careful with Autotrader, with listing New cars for sale. Here, and probably elsewhere, they show new inventory for cars (eg Ioniq 5), but when you call them, they are all sold, and wait time is still very, very high. The site is OK for checking Used inventory, but not New. At least that is the way it is here.
I do know that US dealers have more stock of EVs, all makes. So your local dealer may indeed have stock. Not so in Canada. I'm just saying you can't rely on Autotrader for new cars. If you want I can give you some dealers and phone numbers to call here that advertise on Autotrader, but when you call them, there are none available.
Well I counted 5 Ioniq 5 and 2 Kona EV in the main lot. I didn't drive through the back lot. So there could be more back there, since dealer web site says there are over thirty
Just seeing them in the lot doesn't mean anything either. Here they are always getting new deliveries (those ordered over a year ago) and they will remain on the lot until the buyer takes possession. That can take a while because of finance arrangements, etc. And some do drop out which means they have to call on the next person on the list. What you need to do is go in or call and ask them if you can buy that car. That's how it works here.
I was aware of the "Used" inventory page but it had been awhile. I didn't realize it included "New". Experimenting with different zip codes, I found Texas Model 3s at $49,000. Neat! Thanks, Bob Wilson
Source: https://www.reuters.com/technology/tesla-files-over-700-mln-expansion-texas-gigafactory-electrek-2023-01-10/ Tesla (TSLA.O) has applied to expand its gigafactory in Texas with an investment totaling $775.7 million, government filings showed, marking one of its largest expansion drives since setting up the $5.5 billion gigafactory in Germany last year. It plans to add five new facilities at its Austin site, including a cell test lab and a unit named "Cathode", according to the company's filings on the Texas state department of licensing's website on Monday and Tuesday. Sounds like a good expansion plan . . . in the face of TSLA skeptics. Bob Wilson
I think with the price drop making the cars eligible again for the 7500 tax credit at least until March, should make for a lot of sales in the 1st qtr. Margins might be less but extra sales could make up for that. Investors should like that.
Tesla is an energy company that sells premium devices to access the supercharging network. The more Teslas on the road means more supercharging members, and more importantly, the free J1772/CCS1 stations are also occupied by Teslas. Supercharging in the cold is expensive! It's over $1/kWh in the cold when you pay by the minute.
Where? In Alabama, Tennessee, and Mississippi it is under $0.40/kWh at the Superchargers I used two weeks ago. Bob Wilson
I'm not surprised. They have increased production at all of their plants. So far the stock has been going up following the price reduction announcement. So investors don't seem concerned. The stock has always depended on Elon selling the dream. The price reduction tells me that he's concentrating on Tesla now, making investors happy again.
