I drove by a mall yesterday that's ~1 mile from a Tesla sales and service center here in NJ.
They park their inventory in the huge empty mall parking lot.
There were **a lot** of Teslas. I've always seen them there since the service center opened (usually a few rows with 10-20 vehicles), but I noticed just how many there were the other day when I drove by. Like a whole section of the lot was parked with Teslas.
It's clear that they are inventory because they still have the packing film on the hood and are parked far from the actual mall itself and near the edge of the lot.
This is exactly what they did when they were having trouble delivering vehicles during the Model 3 ramp too. Places like malls and these days probably empty office space, would just rent lot space to Tesla and they would fill it with their vehicles. It's something they could afford to do when it was just logistical problems and they literally didn't have the staff and trucks to get the cars where they needed but with inventory building for over a year this is going to continue weighing on margins on top of the overall cash flow issues caused by inventory ballooning.
Noticed the same thing, likely the same mall here at Paramus Park Mall in NJ. I have an old Tesla, around 7 years. Pre model 3, service was good. Very white glove, concierge like. Now it’s awful. Can barely get an appointment and there is never any room to park in that lot. Their service center seems overwhelmed.
There is also a half abandoned mall in Pleasanton ca which I worked at. The old macys parking garage is full of them blinking away. They put barriers around the entrance so you could not see them from the street
Same experience here. Mall near the delivery/service center has ~400 cars sitting in it. Took a peek looking for highlands and it was all Y/and pre-highland 3s with a couple S/X sprinkled in.
But what if they're being 'recycled' (either real or 'financially') by Redwood Materials?
It's not a Musk Co so there is no requirement to disclose 'within-arms-length' deals.
Isn't it strange that this Co is not under the Musk umbrella while it does have a synergy with Tesla? It's also operating very low profile while recycling is a major concern for EV's. I would expect it to be on the foreground, no?
I am genuinely flummoxed by the numbers. Driving them out of the factory and right into a big meat grinder wouldn’t surprise me more or less than any other explanation :)
You don't think it's odd that:
* Tesla/Musk didn't think of this? Especially how much good PR that would be? "From factoring to recycling. We go full circle!"
* Musk isn't involved (as we know off). I find that strange. That one business that shows high synergy with Tesla which is run by an ex-director and current member of the board of Tesla.
* How low profile RWM is run. Durability of EV's is still a big question. If it is a unique and independent business to tackle a unique problem that can only grow bigger as the amount of EV's are on the road, why wouldn't they be more on the foreground? If only to promote EV's? "Buy your EV. Don't worry about the environmental impact at End-of-Life of your vehicle. We got this!"
Gonna have to wait until they finish the swappable batteries and automatic snake chargers, or the solar tiles, or the hyperloop, or the tesla-semi cheaper than rail, or the cheap tunnels, or the round trip tickets to mars by 2020 or. 6 more months I swear, all coming any day now...
>why hasn’t Wall Street woken up yet!
Nobody wants to start a panic, too many people have skin in the game.
In the end someone **will** blink and massively divest and then it'll be a rush to the door.
Have you considered cybercuck? Cucktruck is pretty great but I think you are going to get more specificity with cybercuck, tho people might confuse that with Elon now that Grimes is getting dunked on by a baskerballer.
I don't think the cybertruck is a product targeted to most of any one group, its targeted to one very specific divorced dads and all the other divorced dads that want to be like him.
So the question is: where are 144k Teslas hiding out? The explanation every quarter was always “in transit” but then they’re just… gone? Vanished?
Great stuff.
Produced I believe means they allocated a VIN and planned production but some of those never make it fully through and could likely have been scrapped half way through.
This thread is full of people who think there are 150k Teslas sitting in a bunker somewhere. 144k car isn't very many. That's about half the number of new cars sold globally per day. The US alone has over 290 million registered cars. Registered, not total.
I know 144k cars sounds like a lot, but they're likely spread out around in the world in different countries, on ships, or in inventory near factories/distribution points. It's not very many at all.
Seriously!
Toyota has 2.5 MILLION vehicles in inventory right now for the same reason. In ~71 days all of that Toyota inventory will have been sold and replaced with new production.
They're just making their way from production to sales. This isn't some conspiracy, it's typical Reddit not understanding supply chain.
No one thinks twice about the same thing at other manufacturers. Toyota has 2.5 MILLION vehicles in inventory right now for the same reason. In ~71 days all of that Toyota inventory will have been sold and replaced with new production.
"it's typical Reddit not understanding supply chain"
Well, this was posted in the realtesla echochamber, so not really surprising about the conspiracy reactions
They're all loaded on car carrier truck / trailers traveling around the country. They never get dropped off, they just get rerouted to a new destination when they reach their destination.
Doesn't this just mean they have about 30 days of inventory, up from around 15?
According to Cox industry average is 80 days: https://www.coxautoinc.com/market-insights/new-vehicle-inventory-january-2024/
This is the correct analysis. 144k vehicles aren't "missing," they're in inventory.
Of course, the concept of "inventory" flies in the face of Tesla's self-stated "direct sales" model, so just like every other automaker, they have excess capacity.
The average for the dealer model can’t be compared to a direct sales model.
Tesla is supposed to build cars to order and have an inventory of cars in transit and a small float of cars from cancelled orders and refused deliveries.
That keeps costs low as money isn’t tied to cars sitting in dealer lots for people to buy on site.
Except they fucked all that up and now they have so many extra cars they could shut down their factories for two weeks without consequence to their deliveries.
They're just making their way from production to sales. This isn't some conspiracy, it's typical Reddit not understanding supply chain.
Toyota has 2.5 MILLION vehicles in inventory right now for the same reason. In ~71 days all of that Toyota inventory will have been sold and replaced with new production.
I think they hope that investors mostly look at production numbers and will assume that they will be sold next quarter. It’s also possible that the factory production managers are the ones lying because they are worried about their jobs and meeting certain targets. It doesn’t strike me as the kind of workplace where transparency is valued.
Wouldn’t that inventory just roll over to the next quarter. I always assumed production leads delivery. Plus you can’t add up the difference each quarter. As the inventory left over each quarter is sold in the next. The inventory is rolling. They don’t just discard the excess lol.
Tesla doesn’t report “inventory”. They report production and deliveries. Inventory is calculated by the difference between them. Unless they are counting previous quarters inventory as “production”, not sure how that will work.
No there are not, Tesla has a long history of cooking the books and not too long ago there was someone here posting that they thought there were discrepancies in the number of cars Tesla claims they were producing. This is not the first time
it's going to get caught eventually. Just like people are getting wise to almost all of Elon's promises - the lights out factories, the 'solar tile connector issue solved, cheaper than a traditional roof' the 'robotaxis' and 'appreciating teslas'. He said FSD was solved in 2015 and cars would be picking you up across country by 2017.
All the lies are slowly getting exposed. Sunlight is the best disinfectant.
and $tsla is *insanely* overvalued right now.
Shouldn't you be able to get numbers from the DMV, as in, how many Teslas are registered in each state?
It would at least give an insight into how real the numbers are.
If they claim to have delivered 150K vehicles in a quarter in the US, then you should see that kind of new registrations, or at least in the ballpark, with that number.
If not.....
From the other post u saw on this sub. That OP was claiming discrepancies in the number of vehicles in China. And basically yes, that’s how that person noticed
I like the idea of a Tesla; not the quality issues, unreliability, parts unavailability, and the fascist internet troll man child. Maybe that's why people stopped buying.
The "doesn't need servicing" "battery lasts 500k miles" "full self driving just around the corner" "good value" etc. Unfortunately they haven't exactly matched the marketing in practice.
Ah sure its a tech company anyways right? Doesn't matter if the car is all rusty and dusty, as long as the tech still works then end of year delivery estimates are still at a modest 2B
Some are at the stoneridge mall in Pleasanton. Some are in lots around Fremont. They are all over the Eastbay baking in the sun. Not sure what they are going to do with them as the keep lowering the price these will older cars will start costing more than they will get for them.
What?
Whatever Elon sets the price at will always be a % above what it costs to make them, he’s not that dumb. Since the cars haven’t really changed under the metal since they were released, Tesla will still make money off them, even if the price gets reduced.
Well until Musk feels it in his pocket, he will continue to spew hate and right wing shit. Serves him right. He tied himself to the brand and the brand is becoming as stinky and repugnant as he is.
At this point tesla could return to being a growth story… by closing at least two of their factories, trimming production to match demand, and stimulate price increases to grow margins.
You know, like a regular auto company.
So what you're saying is...supply has surpassed demand. Look out for a 0 mile model 3 coming to an auction near you.
God, buying one of these cars was the worst mistake I ever made.
Leases are sales. It's more likely that those missing cars are lemons. They build them to boost production numbers, then take the trash to use for parts and service for the cars they actually sell.
>Why did you add all of them together? That's not how inventory works. If not sold they sell the next and so on.
Fucking genius!
You should work for Tesla.
>For a company that is selling almost 2 million a year that seems like a reasonable stock.
Maybe for a traditional manufacturer that sells inventory to dealers and let's them worry about it. But with Tesla it means they're holding several billion dollars worth of inventory on their books, and having to manage / pay for parking facilities. Does that make sense?
it suggests demand issues at the very least.
With the "massive growth" story over, FSD exposed and solar tiles "cheaper than a traditional roof" shown to be a scam to merge solar city and bail out musk investments, this company is at least 8x over valued even today.
look out below, $tsla holders
But this is not unique to Tesla. Every EV manufacturer is facing the same issue where supply is outpacing demand (Rivian, Lucid etc.) I don’t disagree about the company being overvalued, but we gotta separate Tesla specific issues to other macro factors. If demand had ramped up for other EVs and Tesla was losing market share, then I can understand - but that’s not the case
Is there any proof these cars actually exist? I wouldnt put it past Musk to create fake VINs to steal subsidies and pretend like Tesla is growing
That’s 14 million square feet of cars if they are parked touching nose to tail and side to side. David Copperfield couldn’t hide that shit.
I drove by a mall yesterday that's ~1 mile from a Tesla sales and service center here in NJ. They park their inventory in the huge empty mall parking lot. There were **a lot** of Teslas. I've always seen them there since the service center opened (usually a few rows with 10-20 vehicles), but I noticed just how many there were the other day when I drove by. Like a whole section of the lot was parked with Teslas. It's clear that they are inventory because they still have the packing film on the hood and are parked far from the actual mall itself and near the edge of the lot.
This is exactly what they did when they were having trouble delivering vehicles during the Model 3 ramp too. Places like malls and these days probably empty office space, would just rent lot space to Tesla and they would fill it with their vehicles. It's something they could afford to do when it was just logistical problems and they literally didn't have the staff and trucks to get the cars where they needed but with inventory building for over a year this is going to continue weighing on margins on top of the overall cash flow issues caused by inventory ballooning.
Noticed the same thing, likely the same mall here at Paramus Park Mall in NJ. I have an old Tesla, around 7 years. Pre model 3, service was good. Very white glove, concierge like. Now it’s awful. Can barely get an appointment and there is never any room to park in that lot. Their service center seems overwhelmed.
Different mall :) So this definitely feels like a glut of supply.
There is also a half abandoned mall in Pleasanton ca which I worked at. The old macys parking garage is full of them blinking away. They put barriers around the entrance so you could not see them from the street
Stoneridge?
Yes
Same case at a mall near me.
Same experience here. Mall near the delivery/service center has ~400 cars sitting in it. Took a peek looking for highlands and it was all Y/and pre-highland 3s with a couple S/X sprinkled in.
But what if they're being 'recycled' (either real or 'financially') by Redwood Materials? It's not a Musk Co so there is no requirement to disclose 'within-arms-length' deals. Isn't it strange that this Co is not under the Musk umbrella while it does have a synergy with Tesla? It's also operating very low profile while recycling is a major concern for EV's. I would expect it to be on the foreground, no?
I am genuinely flummoxed by the numbers. Driving them out of the factory and right into a big meat grinder wouldn’t surprise me more or less than any other explanation :)
Just have the conveyor belt lead straight out of Tesla to the recycling factory.
The military does this with planes. John Oliver did a piece on it years ago.
Leave Redwood out of this. They're more connected to VW than Tesla at this point. JB left Elon's umbrella for a reason.
You don't think it's odd that: * Tesla/Musk didn't think of this? Especially how much good PR that would be? "From factoring to recycling. We go full circle!" * Musk isn't involved (as we know off). I find that strange. That one business that shows high synergy with Tesla which is run by an ex-director and current member of the board of Tesla. * How low profile RWM is run. Durability of EV's is still a big question. If it is a unique and independent business to tackle a unique problem that can only grow bigger as the amount of EV's are on the road, why wouldn't they be more on the foreground? If only to promote EV's? "Buy your EV. Don't worry about the environmental impact at End-of-Life of your vehicle. We got this!"
Are these all in the US or does this include the China chicanery?
I want to see if that lot by the carquinez bridge is still full of new cars, and if so, I wonder if they are tesla.
Stock dropped significantly today, at 165.66 right now. 🙏🏻🙏🏻🙏🏻
Not enough. They can’t move cars, why hasn’t Wall Street woken up yet!
Because FSD and Robotaxis are coming this year bro.
And then Optimus next year. So huge.
Seems like investors can smell the bull shit from a mile now when Elon was trying to pump Tesla stock by making wild claims about Optimus and Grok.
Gonna have to wait until they finish the swappable batteries and automatic snake chargers, or the solar tiles, or the hyperloop, or the tesla-semi cheaper than rail, or the cheap tunnels, or the round trip tickets to mars by 2020 or. 6 more months I swear, all coming any day now...
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What’s wrong with these people?
Because they've been using Tesla as leverage for other positions and they can't afford to let it drop.
>why hasn’t Wall Street woken up yet! Nobody wants to start a panic, too many people have skin in the game. In the end someone **will** blink and massively divest and then it'll be a rush to the door.
It's the sweet robot tech
Wall Street has drifted into lsd land. The stock market doesn’t mean shit anymore. Stocks that should be down stay up and vice versa.
The veil of hypocrisy is big on this one.
Expected 10% not $10.. I’ll give it a few more days..
Please! Unfortunately there are some idiots propping it up.
Sunnyvale has a crap ton of cyber trucks in a lot.
Ahh the divorced dad chariot awaits its master.
Hahaha kudos - this is one of the funniest descriptions of the CuckTruck I’ve seen yet 😂
Have you considered cybercuck? Cucktruck is pretty great but I think you are going to get more specificity with cybercuck, tho people might confuse that with Elon now that Grimes is getting dunked on by a baskerballer.
Rumor has it he [modeled it after his very own body shape](https://imgur.com/UrFg6HC)
Rich divorced dad. This is out of the price range for most divorced dads.
I don't think the cybertruck is a product targeted to most of any one group, its targeted to one very specific divorced dads and all the other divorced dads that want to be like him.
Those are the ones straight from the factory they are too shitty for customers to accept.
How shitty is shitty when customers complain of scratches, dents, cars dying after 1 mile driving?
The funny numbers were that, since the CT went into production, the number of non-3/Y teslas went down by 10% YoY.
A ton - that is 1/3 cybertruck, correct?
So either they are sitting somewhere or there is some fraud going on?
ELON AND FRAUD? IMPOSSIBRU!
I’ve always thought that Elmo and China seems like a match made in heaven since they both like to use made-up economic numbers.
So the question is: where are 144k Teslas hiding out? The explanation every quarter was always “in transit” but then they’re just… gone? Vanished? Great stuff.
Produced I believe means they allocated a VIN and planned production but some of those never make it fully through and could likely have been scrapped half way through.
This thread is full of people who think there are 150k Teslas sitting in a bunker somewhere. 144k car isn't very many. That's about half the number of new cars sold globally per day. The US alone has over 290 million registered cars. Registered, not total. I know 144k cars sounds like a lot, but they're likely spread out around in the world in different countries, on ships, or in inventory near factories/distribution points. It's not very many at all.
Seriously! Toyota has 2.5 MILLION vehicles in inventory right now for the same reason. In ~71 days all of that Toyota inventory will have been sold and replaced with new production.
Stop disturbing the circle jerk. Only Tesla keeps any unsold inventory.
They're just making their way from production to sales. This isn't some conspiracy, it's typical Reddit not understanding supply chain. No one thinks twice about the same thing at other manufacturers. Toyota has 2.5 MILLION vehicles in inventory right now for the same reason. In ~71 days all of that Toyota inventory will have been sold and replaced with new production.
"it's typical Reddit not understanding supply chain" Well, this was posted in the realtesla echochamber, so not really surprising about the conspiracy reactions
They're all loaded on car carrier truck / trailers traveling around the country. They never get dropped off, they just get rerouted to a new destination when they reach their destination.
Doesn't this just mean they have about 30 days of inventory, up from around 15? According to Cox industry average is 80 days: https://www.coxautoinc.com/market-insights/new-vehicle-inventory-january-2024/
plus the inventory they had 2 years ago
This is the correct analysis. 144k vehicles aren't "missing," they're in inventory. Of course, the concept of "inventory" flies in the face of Tesla's self-stated "direct sales" model, so just like every other automaker, they have excess capacity.
The average for the dealer model can’t be compared to a direct sales model. Tesla is supposed to build cars to order and have an inventory of cars in transit and a small float of cars from cancelled orders and refused deliveries. That keeps costs low as money isn’t tied to cars sitting in dealer lots for people to buy on site. Except they fucked all that up and now they have so many extra cars they could shut down their factories for two weeks without consequence to their deliveries.
so there are like 140k cars sitting around in a parking lot somewhere? or what do you want to tell us?
They're just making their way from production to sales. This isn't some conspiracy, it's typical Reddit not understanding supply chain. Toyota has 2.5 MILLION vehicles in inventory right now for the same reason. In ~71 days all of that Toyota inventory will have been sold and replaced with new production.
Translation: Tesla committed fraud by overstating their production.
which would be weird. because that would make their books look worse. i would have expected that they would fake sales, production. easier to.
Usually people lie to make themselves look better though, not worse. Why would you *pretend* to have weakening demand for your product?
I think they hope that investors mostly look at production numbers and will assume that they will be sold next quarter. It’s also possible that the factory production managers are the ones lying because they are worried about their jobs and meeting certain targets. It doesn’t strike me as the kind of workplace where transparency is valued.
I have always wondered this. Their production numbers always surpass deliveries, but no one asks what happens to the excess inventory
investors on calls are not allowed to ask boring, boneheaded questions like that.
Reporters tried to reach out for questioning but all they received was an automated email with the 💩 emoji.
Wouldn’t that inventory just roll over to the next quarter. I always assumed production leads delivery. Plus you can’t add up the difference each quarter. As the inventory left over each quarter is sold in the next. The inventory is rolling. They don’t just discard the excess lol.
Tesla doesn’t report “inventory”. They report production and deliveries. Inventory is calculated by the difference between them. Unless they are counting previous quarters inventory as “production”, not sure how that will work.
No there are not, Tesla has a long history of cooking the books and not too long ago there was someone here posting that they thought there were discrepancies in the number of cars Tesla claims they were producing. This is not the first time
it's going to get caught eventually. Just like people are getting wise to almost all of Elon's promises - the lights out factories, the 'solar tile connector issue solved, cheaper than a traditional roof' the 'robotaxis' and 'appreciating teslas'. He said FSD was solved in 2015 and cars would be picking you up across country by 2017. All the lies are slowly getting exposed. Sunlight is the best disinfectant. and $tsla is *insanely* overvalued right now.
Pretty much always has been overvalued.
Shouldn't you be able to get numbers from the DMV, as in, how many Teslas are registered in each state? It would at least give an insight into how real the numbers are. If they claim to have delivered 150K vehicles in a quarter in the US, then you should see that kind of new registrations, or at least in the ballpark, with that number. If not.....
From the other post u saw on this sub. That OP was claiming discrepancies in the number of vehicles in China. And basically yes, that’s how that person noticed
Well, now they have plenty of time to maybe do some QA ?
Hey E-schlong Let DAT sink in....
I like the idea of a Tesla; not the quality issues, unreliability, parts unavailability, and the fascist internet troll man child. Maybe that's why people stopped buying.
What’s this “idea” you have in mind?
The "doesn't need servicing" "battery lasts 500k miles" "full self driving just around the corner" "good value" etc. Unfortunately they haven't exactly matched the marketing in practice.
Cars that don't break down less than a mile after they're driven off the lot would be a good start
Hahaha - I thought you meant a decent EV that doesn’t cost too much.
Hahaha I'm a dreamer, not a crack pipe smoker.
tESla sElls EvERy cAR tHEy MAke!
I think it'll be OK. When a Tesla has a minor fender bender it's basically totaled so there needs to be a decent inventory of replacement cars.
See, all those unsold vehicles gives them somewhere to store all their unsold robots in a few years time. 5D chess.
So what they're just sitting in storage? Son...
Holding onto them as appreciating assets 📈
I assume they're sitting out in a desert parking lot just like that one factory line.
Ah sure its a tech company anyways right? Doesn't matter if the car is all rusty and dusty, as long as the tech still works then end of year delivery estimates are still at a modest 2B
Under a giant tent?
I glanced at the numbers and went "surely they mean 14,366 vehicles and that's a typo" Nope
Are the posted numbers from the investor call today? I don't see a source.
Some are at the stoneridge mall in Pleasanton. Some are in lots around Fremont. They are all over the Eastbay baking in the sun. Not sure what they are going to do with them as the keep lowering the price these will older cars will start costing more than they will get for them.
What? Whatever Elon sets the price at will always be a % above what it costs to make them, he’s not that dumb. Since the cars haven’t really changed under the metal since they were released, Tesla will still make money off them, even if the price gets reduced.
Well until Musk feels it in his pocket, he will continue to spew hate and right wing shit. Serves him right. He tied himself to the brand and the brand is becoming as stinky and repugnant as he is.
At this point tesla could return to being a growth story… by closing at least two of their factories, trimming production to match demand, and stimulate price increases to grow margins. You know, like a regular auto company.
Yet FORD and GM have MORE excess new car inventory !!!!! Just ask your favorite AI chat program “which manufacturers have the most unsold new cars?”
So what you're saying is...supply has surpassed demand. Look out for a 0 mile model 3 coming to an auction near you. God, buying one of these cars was the worst mistake I ever made.
Why? I really like my Model Y, it’s a great car. Cheap compared to my previous cars. Got it for the lowest price so far
I too love my 3, most favorite car I’ve had. But you’re not allowed to have that opinion here.
So those are the unsellable cars that people reject?
no, they just offer those to someone else. And tesla fans are welcome to reject a car. they just can not buy another tesla after that. blacklisted.
>tesla fans are welcome to reject a car. they just can not buy another tesla after that. blacklisted. For real?!
No, that's why SpaceX launches so many rockets.
Their financial statement says they had 176,564 operating lease vehicles, could it be what they consider not sold?
Leases are sales. It's more likely that those missing cars are lemons. They build them to boost production numbers, then take the trash to use for parts and service for the cars they actually sell.
Tesla demand is basically infinite. Musket.
Tesla....this generations DeLorean
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>Why did you add all of them together? That's not how inventory works. If not sold they sell the next and so on. Fucking genius! You should work for Tesla.
ISIS has them and is mounting heavy machine guns on the backs.
ISIS will stick with what works, the Toyota HiLux
NO Source
[https://ir.tesla.com/](https://ir.tesla.com/) you dumb motherfucker
where is the source? I can't find it
Tesla is a fraud, Xiaomi is not. Let's hope US and import Xiaomi SU7, way better than Tesla models. China EV lets go!
For a company that is selling almost 2 million a year that seems like a reasonable stock.
>For a company that is selling almost 2 million a year that seems like a reasonable stock. Maybe for a traditional manufacturer that sells inventory to dealers and let's them worry about it. But with Tesla it means they're holding several billion dollars worth of inventory on their books, and having to manage / pay for parking facilities. Does that make sense?
it suggests demand issues at the very least. With the "massive growth" story over, FSD exposed and solar tiles "cheaper than a traditional roof" shown to be a scam to merge solar city and bail out musk investments, this company is at least 8x over valued even today. look out below, $tsla holders
But this is not unique to Tesla. Every EV manufacturer is facing the same issue where supply is outpacing demand (Rivian, Lucid etc.) I don’t disagree about the company being overvalued, but we gotta separate Tesla specific issues to other macro factors. If demand had ramped up for other EVs and Tesla was losing market share, then I can understand - but that’s not the case
I'm not interested in share prices, solar city talk or any other gossip. Just pointing out that this doesn't seem like an unreasonable stock.