![]() Rising inventories and a decreasing backlog of orders signal that the effect of Tesla's deep price cuts - combined with federal EV tax credits that fueled the company's second quarter deliveries beat - may be waning as the third quarter begins. The order backlog in days relates to the wait time a customer can expect when placing a new, custom order. The numbers suggest Tesla's US order backlog stood at 11 days at the end of June, a dramatic decrease from the 27 days noted in mid-May. GET QUOTE D&M’S USED CAR INVENTORY Save big and check out D&M’s pre-owned car, truck and SUV inventory. Teslike's numbers are based on "Tesla-related stats (production volume, average wait times for each model/trim)" that the site has been collecting for several years. Tesla sales tracker Troy Teslike (as first noted by InsideEVs) finds that Tesla’s global order backlog fell to around 49,000 units as of June 30, which is around 17% less than what it was two weeks earlier and over 50% smaller than the 102,000 vehicle backlog seen on May 31. Tesla said production of the long-delayed electric pickup Cybertruck remained on track for initial deliveries this year.Another data source that tracks Tesla's order backlog is also showing a similar trend. Tesla is accelerating the worlds transition to sustainable energy with electric cars, solar and integrated renewable energy solutions for homes and businesses. But the carmaker has struggled to meet Musk's targets for production and performance of the cells. In 2020, Musk unveiled a plan to produce Tesla's own EV batteries called "4680" cells. Tesla said on Wednesday it had made "notable progress" on yield improvement of its 4680 cell production lines and increased production in Texas by 80% in the second quarter from the first. Tesla benefited from $150 million to $250 million in tax credits in the second quarter, it said, while receiving similar benefits from lower raw material costs such as lithium and aluminum. The company said on Wednesday that lower raw-material costs and government tax credits helped reduce cost-per-vehicle but that it saw an increase in operating expenses driven by Cybertruck, AI projects, and the production ramp of 4680 battery cells that are key to making cheaper and compelling EVs. So far this year it is up 138%, helped also by expanded federal credits for Model 3s and investor excitement over artificial intelligence. The company's stock has risen 60% since the first such deal on May 25. Defender Discovery Discovery Sport Range Rover Range Rover Evoque Range Rover Sport Range Rover Velar. Tesla's stock received a big boost this year after Ford Motor (F.N), General Motors (GM.N) and a raft of other automakers and EV charging firms said they would adopt Tesla's charging technology. Last year, Musk said the world's most valuable car maker would be "worth basically zero" without achieving full self-driving capability. He had previously said the company was open to licensing the driver-assistance system.įSD does not make the car autonomous and requires driver supervision, and Tesla is under regulatory security following a number of crashes involving its vehicles. ![]() Musk said on the call that Tesla was in talks with a major original equipment manufacturer to license its "full self driving" (FSD) software but did not name the company. Analysts had expected a profit of 82 cents per share, according to Refinitiv. Still, on an adjusted basis, Tesla earned 91 cents per share, on the strength of non-core income and largely in line revenue $24.93 billion. Find your next new car, used car, truck, or SUV including pricing and features, find a car dealer near you, calculate payments or make a service appointment and so much more on. ![]() Lower pricing, along with government tax breaks for EV buyers in the United States and elsewhere, drove Tesla's deliveries to a record 466,000 vehicles in the April-July period globally, but ate into its profitability. they don't want to build up those inventories." Certified Pre-Owned 0 Exterior Color Condition and History Transmission Drive Type Engine Interior Color Fuel Type Est. "They are trying to get the prices right so they can generate the demand for the units, and then they like to run their factories as efficiently as they can. ![]()
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