![]() It should be noted that competition within the EV market, particularly in Europe, has gotten quite fierce with the entrance of countless new offerings, not only from the aforementioned luxury competitors of Tesla but also from Volkswagen, Renault, Peugeot, and Ford brands that are all reasonably successful within the European affordable vehicle market outside of EV sales. It goes without saying that Europe, much like many other Western markets, has seen a good deal of economic turbulence in the first half of the year, including persistent high living costs, high inflation, and even the potential for bank collapse, however considering the success of other EV makers, this factor is unlikely the sole contributor.įurthermore, with the dramatic uptick in EV sales seen at brands like Porsche, BMW, and Mercedes, it would be hard to believe that Tesla’s offerings suffer from a lack of affordability, especially as they already undercut these competitors by a substantial margin. ![]() Does it stem from slowing demand for Tesla vehicles? Is it indicative of a slowing EV segment more generally? Is this issue just a symptom of more significant regional macroeconomic problems? Or, for the optimists, is this sudden spike even something worthy of concern? This strange inventory anomaly has attracted countless analysts besides Teslike, looking to find the stem of the issue. ![]() With added volume on the continent, the American automaker will be able to address demand quicker than ever, the only question is, will it be able to garner the necessary demand? Thanks to Shanghai’s incredible production output, and Tesla’s uphill battle in China, excess units are ending up in Europe, but, according to Teslike, this may not be a bad thing. s5zc5s9KgpĬoncluding his statement, Teslike points to a specific source, Tesla Giga Shanghai. Production was higher than deliveries in the last 4 quarters. Tesla’s inventory at the end of Q1 was equal to 15 days of supply based on page 6 of Tesla’s shareholder letter Here is how that compares to other quarters. Most of that inventory build-up happened in Europe.” That resulted in an increase in inventory. ![]() “Tesla’s global production was higher than deliveries in the last four quarters. Teslike then points out that, thanks to Tesla’s continuing massive production ramp, a buildup of inventoried units has been slowly but surely creeping up on the automaker. It just means production exceeds demand.” “However, this doesn’t mean deliveries will be affected. “I think the inventory buildup in Europe suggests a shift from being production-limited to demand-limited,” Teslike begins. In a comment to Teslarati, Troy Teslike laid out a couple of reasons Tesla may be experiencing a buildup of units in Europe. However, a surprising number of Model Ss and Model Xs also seem to be accumulating. The results posted on Twitter show that Tesla has reached well above its record high for the year, primarily with units of Model 3s and Model Ys. Therefore Q2 sales should give us a clear picture of demand Here is a chart that shows Tesla’s inventory in Europe over time (cars listed for sale on Tesla’s website): Supply is not an issue anymore. The revelation regarding Tesla’s European inventory spike was posted on Twitter by Troy Teslike, who tracks Tesla sales and production.
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