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Tesla Is Sitting on a Record 50k Unsold EVs

https://insideevs.com/news/791999/tesla-unsold-inventory-record-q1-2026/
51•vrganj•1h ago

Comments

kubb•1h ago
Sounds like they're about to have a surge in stock price.
testfrequency•1h ago
Everyone on Twitter right now (probably):

“You don’t understand the vision” “This is actually a good thing” “HODL”

PowerElectronix•56m ago
"TSLA is about robots, not cars" is thrown without irony to anyone that questions the car business.
rvnx•35m ago
In 6 months post-IPO: SpaceX purchases Tesla
Ekaros•34m ago
Merger in all stock deal? That could happen... Have to get to be bigger than everyone else.
rvnx•18m ago
This was a banter, but... https://www.investing.com/analysis/would-a-teslaspacex-merge...

(article from today)

m101•1h ago
I think q1 is a weak quarter for sales so it might be that inventory build is normal in this quarter. Economic weakness and high energy prices will not help sales though.
khalic•1h ago
Oh don't worry dumb investors will still find a way to grift more, this company's value was never based on performance, it runs on vibes.
bookofjoe•48m ago
works for coding!
treetalker•1h ago
Everyone's just waiting for the Roadster 2 to come out. Any decade now.
michaelsshaw•1h ago
Just like full self driving robotaxis in 2017...
stephbook•1h ago
This is actually a good thing, since they're going to make Tesla a lot of money once they're self-driving.
michaelsshaw•56m ago
Full self driving in 2017! Wait, sorry 2018. Okay, 100% we will have FSD in 2019. Actually 2020. 2021? No? Soon(TM) is the new release date.
DonHopkins•38m ago
Did you know that you can get a 50% off coupon for your next purchase from Tesla if you google the word "gullible"?
tvbusy•29m ago
If only cancer patients can be this positive.
rvnx•13m ago
I'm surprised he isn't focused on curing cancer yet. There are promising approaches with mRNA that could work out if enough funding is pushed there.
decimalenough•1h ago
The figures quoted here are old, since EV sales have gotten a massive boost from spiking oil prices. The actual figures aren't out yet but anecdotal evidence at least in Australia suggests sales in March (across all brands, not just Tesla) doubled from February.

That said, for Tesla this is only a bandaid, since they have absolutely nothing in the consumer pipeline beyond the current increasingly uncompetitive offerings. Chinese brands like BYD, on the other hand, are laughing all the way to the bank.

reactordev•53m ago
It was always about first mover advantage and never about building a sustaining car manufacturer. It was about moving an industry.
DiscourseFan•52m ago
Obviously the oil spike, while not a relatively massive price hike historically, is clearly accelerating the pace of electrification, similarly to how COVID accelerated the use of zoom and other remote work platforms. But also similarly, it will probably be the case that gas is still used for some needs, just not nearly as many as today. People still do prefer their gas ranges, and its not as if natural gas is a great pollutant. But electricity is easier to manage than ever now, given battery capacity.
girvo•48m ago
Induction is better than gas in basically any way you can care to slice it, and natural gas in your home is actually quite bad for air quality.

https://www.abc.net.au/news/2023-03-17/kitchen-pollutants-st...

taeric•40m ago
I mean, if you are looking at unventilated kitchens, you are going to get bad values cooking. Pretty much period. Yes, by products of burning gas are bad. But by products of cooking are already bad. Ventilate your kitchen.
kgwxd•44m ago
You're saying a few weeks of high gas prices and a ton of people have gone out to buy overpriced tablets on wheels? I don't believe that.
Ekaros•35m ago
Could be. People are not very logical and schools don't teach math anymore.

It is somewhat complex subject. Taking in account actual use, cost of fuel and maintenance and then comparing it to purchase price and depreciation is bit of a work. And I don't think too many people do that when they should.

conartist6•43m ago
So thoughtful of Trump, Mr anti-clean-energy himself, to give everyone a master class in why fossil fuel dependence is scary as all shit
bombcar•29m ago
Didn't BYD just lay off 100k people?
Aurornis•59m ago
This is all so frustrating. Tesla could have easily been an American auto maker generational success story. Instead they’re working hard to undermine their own success, turn their brand toxic, and even design vehicles that are unappealing to key purchasing demographics (Cybertruck).
throwaway290•50m ago
no worries, when things go hard and stock goes down they can count on Trump for a convenient war and oil crisis.
rvnx•37m ago
This war is going to push oil prices up, which means more EV sales. On top of that, make sure to sprinkle a bit of tariffs in order to block BYD.

Mhhh, makes sense.

freedomben•33m ago
The oil prices is a short term thing, and Trump is all about "Drill baby drill" so no, it doesn't make sense.

The tariffs though is a great point. Definitely a boon for Tesla from good old Papa Trump. It's grotesque.

throwaway290•19m ago
Well, I didn't say it's intentional... just that they can count on it... but yeah it was sarcasm.
MPSimmons•50m ago
Yes, Elon's trajectory has been absolutely unbelievable since 2019 or so. Talk about a guy who cratered his whole reputation. It's a shame.
jm4•45m ago
What changed is he took the mask off. He was always the sleaze that he is today, but a lot of us were fooled into believing he wanted to do something good.
freedomben•36m ago
I don't agree after reading Walter Isaacson's excellent biography of Elon. It's deeply unfortunate that the book is already a few years old, I'd love and buy the hell out of a 2nd edition that is updated with the last few years.

Obviously it's always been latent in Elon, but he was a pretty bog standard lightly-if-apolitical silicon valley startup guy for most of his adult life. The free speech erosion under the Biden admin is what really started to "red pill" him and eventually led him off the cliff. It's a sad story really, but an important one because I think there are a lot of people in the same boat, and understandign them is important if we want to correct the trajectory of our country's ship. It's a damn hard problem though.

rjtavares•30m ago
He supports Trump now, so I really doubt free speech is important to him.
blastro•24m ago
Free speech erosion under Biden... can you elaborate?
stingraycharles•34m ago
I think the vast majority of people that operate at that level of success have a similar mask, but they’re more successful in managing it.

What caused Elon to lose his ability to manage it is subject for debate, I personally believe he discovered drugs in 2019 and the rest is history.

rvnx•24m ago
He brought good things due to high-conviction bold moves though, like democratizing EVs, reusable rockets, and most of all, actual internet in airplanes.
stingraycharles•21m ago
Yes, credit where credit is due, he achieved a lot, and was instrumental in both SpaceX and the whole EV transition.

He just took a wrong turn and seems hell bent on staying on it.

SirFatty•27m ago
What changed is that he doesn't have a publicist filtering his nonsense anymore.
masklinn•34m ago
2018 (tham luang cave rescue) is when the cracks really started showing up, so the trajectory was probably set a while earlier.

The tendency was probably always there given the serial lying about self driving started circa 2015, or the weird ego trip of ousting the founders and getting himself called co-founder, but if we’re looking for a point event the removal of his long time PA in 2014 still stands out to me.

jongjong•22m ago
What did he do specifically to crater his reputation?

Is it his politics? He seems to have reasonable beliefs there. It's not like he's been supporting Trump unconditionally. He doesn't always agree with Trump. Is it because of his stance in favor of free speech? How is that a bad thing? As someone who doesn't like any side of politics, I don't get it.

DonHopkins•45m ago
"They" is the wrong pronoun. Elon's pronoun is "he". HE's working hard to undermine HIS own success, turn HIS brand toxic, ...
cowmix•40m ago
The best pronoun joke, ever.
freedomben•35m ago
It could be, except it's not factually correct (and an element of truth is necesssary for good humor). GP was talking about Tesla, not about Elon. The correct pronoun for a company is surely "they"
bombcar•30m ago
It could be, or you could consider it to be like a ship, in which case it is she!
rvnx•30m ago
Shouldn't be "it" ? for the company itself
amelius•32m ago
No. For all practical purposes, Chinese cars are perfectly fine for most consumers. Since you cannot beat China on manufacturing costs, this war is already lost. Musk or no Musk.
adjejmxbdjdn•5m ago
There is no reason Chinese EVs couldn’t have been beaten on cost.

The labor/environmental costs of car manufacturing is relatively low and more than made up in the cost of shipping cars. One example of this was the number of foreign car manufacturers that were relocating manufacturing to the NAFTA region to serve the U.S. car market even before the tariff nonsense.

The area where China might have an edge is batteries cost. I’m not convinced that’s the case but even if we assume it is, it’s irrelevant because Chinese battery companies are largely not vertically integrated with the automakers and have been selling those batteries to non Chinese automakers at the same rates in an open market.

The reason Chinese EVs are cheaper is plain and simple competition. Some of those price advantages will disappear as Chinese companies need to start showing profits, but a lot of those won’t because they were the result of genuine innovation driven by the tremendously competitive market and the economies of scale that were rapidly created.

Keeping that in mind, while a lot of Tesla’s missed opportunities are self owns, the larger problem ultimately was the lack of govt support in developing a competitive ecosystem in the US.

tlogan•27m ago
I think Tesla as a company is doing the right moves. The management (excluding Elon) seems solid and smart.

The problem is that we often attach a company or a larger idea to a single person, even when it is much much bigger than that individual. People started boycotting Tesla because of Elon Musk, without considering that Tesla is actually thousands of engineers, workers, and managers. And majority of decisions are not done by Elons.

But people tend to think in terms of heroes and anti heroes. Cesar Chavez is another example of how this dynamic plays out.

Ekaros•58m ago
Great things to have on balance sheets. With inflation their value can only go up. And as they are level 6 self-driving capable as is soon they can be sold for massively more money. Really they should stock pile hundreds of thousands more.
muglug•47m ago
Their worth is tied to what people are prepared to pay for them. And right now most people aren’t prepared to pay for Teslas.
twic•6m ago
You're completely right. I've got an idea for an investment strategy. We start a company, and issue shares. We use the money to buy Teslas, and hold them as assets. As the value goes up, the value of the company will rise. Then we issue more shares, at a higher valuation, and use the money to buy more Teslas. Infinite money glitch. I call it a Drivable Asset Treasury company.
dmix•56m ago
So according to the article, it had 48k extra cars during a quarter in 2024 and now the new record of 50k in Q1 2026, after they sold 358,023 out of 408,386.
Mistletoe•53m ago
One would be in my driveway but we cancelled it right when it was about to be delivered when Elon began his decline into madness. Know your audience and your buyers man. Maybe hide your alt right nonsense when your buyers love the earth and the environment.
BirAdam•41m ago
The article mentioned the tax incentive, and I’ve seen many do the same. I’ve rarely ever heard anyone talk seriously about how much the USA spends on oil subsidies.
ndr42•36m ago
Tesla has an P/E Ratio of 332 (in comparison, Apple has 31.3) - the stock price is not based on measurable numbers so I don't think that the unsold EVs will have any consequences for the valuation.

When reality finally sets in it will not be pretty.

Source: At the End of https://asymco.com/2026/03/31/melius-highlights-fcf-while-re...

Edit: typos

KnuthIsGod•30m ago
Ah, they being kept for Elon's fully autonomous robots to drive.

The rest of will just buy Xiaomi SU 7's....

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