Tesla has a serious problem. So far this year, their sales have fallen off a cliff. And as a result, Tesla has had to cut prices to get people to buy their vehicles. But clearly that’s not working as unsold Tesla vehicles are piling up at such a rate, that you can apparently see them from space:
So where exactly are all those thousands of Teslas? They’re just sitting in lots. Using imagery from SkyFi, a satellite imagery marketplace, Sherwood was able to discover just where all those Tesla’s are being stored. Images taken of Tesla’s Texas Gigafactory from a random Thursday in October 2023 and a Thursday from March of 2024 show lots around the factory going from partially or nearly full to completely full in some cases.
Tesla is storing vehicles in other places around the country as well it seems. Satellite images from St. Louis’ Chesterfield Mall shows a lot outside the mall being filled with nearly 500 cars. Even the mall here in my own city of Moreno Valley, California has been used to store Teslas; I recently observed a few hundred Model Ys parked outside Sears. So while Tesla is still selling hundreds of thousands of cars, it would seem that the brand isn’t the hot seller it used to be. It makes you wonder how long they’ll keep acting like we don’t notice that they have thousands of unsold inventory piling up.
I think that this illustrates how bad Elon Musk is at running Tesla. While it is true that EV sales have generally slowed for car companies. No other car company has this issue. And some are bucking the trend. Hyundai for example has Ioniq 6 sales up 188%. So clearly the some or all of the blame for their sales issues has to land on Elon’s doorstep. And on top of that, this report could not have come at a worse time for Elon. I say that because he wants a new compensation deal from Tesla which is worth an insane $56 billion. There’s pushback from a huge wealth fund which may lead many others to vote against this pay package. On top of that, there’s word that Elon might quit Tesla if he doesn’t get this pay package. Which many would dance in the streets if that happened given how bad things are at Tesla right now. We’ll find out what is the outcome of that is next week when this pay package comes up for a vote. And I bet that many who will be voting will have images of unsold Tesla vehicles parked in lots in such numbers that they are seen from space in their minds.
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This entry was posted on June 8, 2024 at 4:09 pm and is filed under Commentary with tags Tesla. You can follow any responses to this entry through the RSS 2.0 feed.
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Elon Musk Has So Many Unsold Tesla Vehicles Piling Up, You Can See Them From Space
Tesla has a serious problem. So far this year, their sales have fallen off a cliff. And as a result, Tesla has had to cut prices to get people to buy their vehicles. But clearly that’s not working as unsold Tesla vehicles are piling up at such a rate, that you can apparently see them from space:
So where exactly are all those thousands of Teslas? They’re just sitting in lots. Using imagery from SkyFi, a satellite imagery marketplace, Sherwood was able to discover just where all those Tesla’s are being stored. Images taken of Tesla’s Texas Gigafactory from a random Thursday in October 2023 and a Thursday from March of 2024 show lots around the factory going from partially or nearly full to completely full in some cases.
Tesla is storing vehicles in other places around the country as well it seems. Satellite images from St. Louis’ Chesterfield Mall shows a lot outside the mall being filled with nearly 500 cars. Even the mall here in my own city of Moreno Valley, California has been used to store Teslas; I recently observed a few hundred Model Ys parked outside Sears. So while Tesla is still selling hundreds of thousands of cars, it would seem that the brand isn’t the hot seller it used to be. It makes you wonder how long they’ll keep acting like we don’t notice that they have thousands of unsold inventory piling up.
I think that this illustrates how bad Elon Musk is at running Tesla. While it is true that EV sales have generally slowed for car companies. No other car company has this issue. And some are bucking the trend. Hyundai for example has Ioniq 6 sales up 188%. So clearly the some or all of the blame for their sales issues has to land on Elon’s doorstep. And on top of that, this report could not have come at a worse time for Elon. I say that because he wants a new compensation deal from Tesla which is worth an insane $56 billion. There’s pushback from a huge wealth fund which may lead many others to vote against this pay package. On top of that, there’s word that Elon might quit Tesla if he doesn’t get this pay package. Which many would dance in the streets if that happened given how bad things are at Tesla right now. We’ll find out what is the outcome of that is next week when this pay package comes up for a vote. And I bet that many who will be voting will have images of unsold Tesla vehicles parked in lots in such numbers that they are seen from space in their minds.
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This entry was posted on June 8, 2024 at 4:09 pm and is filed under Commentary with tags Tesla. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.