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Tesla’s Inventory Of Vehicles Is Dwindling — And That’s A Good Thing
The EV manufacturer had to get creative to address a logjam in their supply flow
Earlier in 2023, Tesla reached an all-time high with the inventory (15 days worth) of their electric vehicles that had not been delivered to customers or dealerships. While it’s always good to have product on hand, it becomes a problem when that number continues to rise, as it indicates that sales are dwindling because of fading interest, or because of other factors such as possibly daunting prices. It seems that the latter was the case because over the past couple of months, the company’s stable of high-tech EVs has gone down in conjunction with continued price slashing — which is all very good for their long-term health.
Fred Lambert of Electrek recently reported that a combination of strong tax credits for buying EVs, referrals and new discounts appear to be working in concert to help pare down Tesla’s supply of vehicles. This includes prices being slashed by as much as 20%, a recent discount on inventory cars and a brand new referral program that can take an additional $1,000 off and also provide a 3-month free trial of Tesla’s Full Self Driving program.
Although Tesla had to put a lot of incentives and thought into it, data compiled by Matt…
