Tesla's share price and inventory
@33_Tiger:
$Tesla Motors(TSLA)$ delivered about 387k vehicles and produced about 433k vehicles in 1Q24. This deliveries were well below analysts' reduced estimate. It is hard to believe FY2024 deliveries are still at the consensus of 1.98 mn (+9.5% yoy).I have noticed that Tesla's inventory has reached a record high. Tesla added a whopping 46.6K units to inventory in Q1, despite it having been reduced production in March.According to some famous bloggers in X, Tesla had more than 150K units on hand. I believe it's probably between 140K and 150K.Assuming 75 selling days in 1Q, then the inventory turnover days are probably near 30 days, vs. 15-16 days one year ago. This would affect the company's operating cash flow in Q1.Comparing the inventory data and its s