Tesla Inc (TSLA)

[boston745]

Tesla deliveries fall more than expected as firm cites production issues
The company said it delivered 387,000 vehicles in the first quarter, down from the previous quarter and fewer than analysts predicted

Tesla said it delivered 387,000 vehicles to customers in the first quarter, down 20 percent from the previous quarter and down more than 8 percent year-over-year. Ahead of Tuesday’s report, Wall Street analysts generally expected Tesla to report 443,000 deliveries for the quarter, according to Wedbush Securities analyst Dan Ives.

“It’s death by 1,000 cuts,” said Karl Brauer, an executive analyst with the car research company ISeeCars.com. Musk “has never had a demand problem … but over the past year-plus, there has been increasing indicators that he’s producing more cars than the market wants.”

Tesla said it made 433,000 vehicles in the first quarter, or 46,000 more than it delivered.

This means Tesla is sitting on inventory of close to 140k vehicles. Im curious how the power outage in Berlin caused a drop in sales as they produced plenty of vehicles.

https://www.washingtonpost.com/technology/2024/04/02/tesla-deliveries-sales-elon-musk/

That means another 11k cars went unsold growing Tesla's inventory to about 100k cars as it had over 88k cars available end of Q3.

99k + 46k = ~145k cars leftover end of Q1.