Tesla's order backlog was 317,000 units on Sep 21, equal to 78 days of global production. The drop happened in China.
This calculation is based on the production rate for each model and the wait times for new orders shown on Tesla's website.
It takes Tesla 1 week to deliver cars. That's why the wait time never drops below 1 week. Therefore we should subtract 1 week from the wait time before converting it to units. In other words, 1 week wait time now means zero backlog.
Tesla sales in Europe are looking good. The chart shows year-to-date registrations in Europe at the end of September.
Europe sales are not going to be an issue in Q4 but there are some concerns about China and the US.
*Source - https://twitter.com/troyteslike?s=21&t=Rq1AJlcXk-e17-lkjfxOzQ
Based on the above calculations, do we expect a price drop soon for Tesla cars? What are your thoughts and $Tesla Motors(TSLA)$price predictions on the short-term to mid-term range? Let meknow at the comment 👇🏽 cheers 🍻
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