On December 17, related news reported that Tesla’s production capacity has expanded significantly after the launch of the Texas Gigafactory and the Berlin Gigafactory. And Tesla’s current orders backlog are gradually declining as capacity enhancements at the Gigafactories in California and Shanghai are finished.
According to analyst Troy Teslike, Tesla’s global order backlog for electric vehicles has been steadily decreasing recently, and as of Nov. 30, 2022, it were only total 190,000 units. The number of 190,000 units is said to correspond to about 44 days of production capacity.
He offered some extremely intriguing Tesla figures and projected that the current order backlog will be 33% lower than the 285,000 vehicles it was at the end of October. But between March and July, the amount was close to 500,000 units and close to 400,000 units at the end of August. If the figures are accurate, Tesla is currently producing more vehicles than it’s sales during the same time period.
The three primary markets for Tesla are the US, Europe, and China, with the US experiencing the greatest decline. Tesla’s backlog was down to less than 60,000 vehicles at the end of November, a decrease of more than 100,000 in just two months. That may also be the reason Tesla introduced some new incentives in December to increase sales.
By contrast, Tesla’s crush orders in China hit a very low level months ago (the fastest projected delivery time is barely 14 days), while Europe remains relatively stable.
On the American market, the $7,500 federal tax credit has been greatly impacted by the general economic instability as well as the Inflation Reduction Act (IRA) brought on by excessive inflation. Since Tesla vehicles won’t be eligible for the full subsidy until 2023, many customers will have to wait until then to get one. In fact, there is absolutely no backlog for three-fifths of the current Model 3 / Y vehicles (expected delivery time is just seven days, according to the report).
Tesla announced its third quarter vehicle production and deliveries for 2022 in October. According to the data, Tesla produced 366,000 vehicles and delivered 344,000 of them during the quarter, an increase of almost 100,000 over the 240,000 vehicles it delivered during the same time previous year. However, this number fell short of analysts’ predictions.
A total of 365,923 new cars were produced by Tesla in the third quarter, including 345,988 Model 3 and Model Y vehicles and 19,935 Model S and Model X vehicles. Tesla delivered 343,830 brand-new vehicles within the same period, comprising 325,158 Model 3 and Model Y vehicles and 18,672 Model S and Model X vehicles.
In the third quarter, Tesla achieved enormous advancements in both output and delivery. In contrast, Tesla manufactured 258,580 vehicles in the second quarter of this year compared to 237,823 in the same period last year. Tesla, on the other hand, delivered 241,300 vehicles during the same time period in 2018, and 308,600 vehicles during the fourth quarter of 2021, and 310,048 vehicles during the first quarter of 2022, and 254,695 during the second quarter of 2022.
Customers will now be looking to see if Tesla can perform a miracle in December and reach the goal of 1.5 million annual sales it set earlier in the year. Although Tesla’s sales in the first two months of the fourth quarter did not exhibit a trend of continuous improvement, the pressure in the fourth quarter was unprecedented because the total number of vehicles sold globally in the first three quarters of this year was only 908,000.