ššHot News : Elon Musk’s inventory of unsold Teslas is so large
Elon Musk’s inventory of unsold Teslas is so large, it’s now visible from space: Reports suggest that there are nearly 50,000 Teslas sitting in parking lots across the US alone ā so many, they can be seen from space.
Using satellite imagery, sources like Sherwood News found many of Tesla’s Gigafactory Texas plants went from partially filled in late 2023 to overflowing in March 2024.
Additional storage locations, including vacant malls and parking lots, are also being filled to capacity.
Tesla reported building 433,371 vehicles in the first quarter of 2024 but selling only 386,810, leaving tens of thousands of excess units.
The surplus reflects a slowing EV market and Tesla’s price cuts failing to lure buyers.
Satellite images reveal hundreds of Teslas packed outside places like Chesterfield Mall in St. Louis.
Louis and former retail spaces such as Sears in Moreno Valley, California.
While Tesla maintains optimism about reversing this inventory buildup, the increasing availability of unsold vehicles raises questions about long-term demand for its once dominant brand.
