Massive Tesla Car Unsale Issue
Tesla’s Massive Car Unsale Issue: The Cybertruck and its problems seem to be the only Tesla topic lately. While we giggle at that four-wheeled monster, Tesla has a problem with its burgeoning parking lots of unsold Teslas in Austin, Texas. Recent car sales have been slow for Telsa, and satellites are making it harder to hide stocks.
Satellite data was utilized by Sherwood News to compare Tesla stockpile parking lots between October 2023 and March 2024. March has fuller parking lots than October. This supports Tesla’s April Q1 earnings: the corporation is generating more cars than it sells. Tesla delivered 8.5% fewer cars than last year and produced approximately 47,000 more. Sales dropped for the first time since Tesla shut down production due to the COVID-19 epidemic in 2020.
CREDIT: Martallschoolabs, GIZMODO