You can follow him on Twitter and on Instagram. The only good news is that the price cuts appear to have worked for the Model Y, which is now Tesla’s best-selling vehicle.
TESLA INVENTORY MODEL Y PRO
Pras Subramanian is a reporter for Yahoo Finance. Ford said the Pro model of the F-150 Lightning now had a list price of 49,995, a reduction of 9,979. With demand seeming to slip, however, Tesla may have to resort to more price cuts to gin up demand or decrease output. With Tesla expected to report earnings after the bell on Wednesday, there had been expectations on the part of Wall Street analysts that the company would hit its margin "trough" in Q2, and that the effects of lower component costs and improvements in manufacturing scale would offset the price cuts from earlier in the year. 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.
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.
Another data source that tracks Tesla's order backlog is also showing a similar trend. Tesla is also offering 5,000 credit in Canada on Model 3 and Model Y vehicles delivered before the end of the year, and has also given a discount of 6,000 yuan (860) on some models in China to.
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