The unsold inventory of Elon Musk's Tesla is so large, it is now visible from space

 

 

The unsold inventory of Elon Musk's Tesla is so large, it is now visible from space:

Reports indicate that there are nearly 50,000 Teslas sitting in parking lots across the USA alone — so many, they can be spotted from space.

 

Using satellite imagery, sources like Sherwood News discovered Tesla’s Texas Gigafactory lots went from partially filled in late 2023 to overflowing by 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 only selling 386,810, leaving tens of thousands of excess units.

 

This surplus reflects a slowing EV market and Tesla’s price cuts failing to entice buyers. Satellite images reveal hundreds of Teslas packed outside places like Chesterfield Mall in St. Louis and former retail spaces like Sears in Moreno Valley, California. While Tesla maintains optimism about reversing this inventory buildup, the growing visibility of its unsold vehicles raises questions about the long-term demand for its once-dominant brand.

Learn more: https://qz.com/teslas-unsold-parking-lots-space-orbit...