Thousands More Teslas Are Piling Up In Parking Lots

Thousands More Teslas Are Piling Up In Parking Lots

The roughly 400 Tesla EVs that were sitting in the parking lot of a shuttered mall outside Saint Louis, Missouri might have been just the tip of the inventory iceberg, as more and more cars are being spotted by savvy internet users.

Thousands more, as it turns out. Besides the initial batch that the internet found sitting at the former Chesterfield Mall, several hundred Tesla-branded EVs are waiting to be delivered at the Quaker Bridge Mall in Lawrenceville, New Jersey, including some Cybertrucks, as seen in the video and Reddit post embedded below.

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Tesla’s demand problem

Faced with an aging product lineup, cooling EV demand, intense competition from other automakers and the CEO’s own antics, Tesla’s sales have fallen off dramatically in recent months—even in strongholds like California. 

 

In Richmond, Virginia, an abandoned apartment complex parking lot is being used to store several more hundred yet-to-be-delivered Tesla EVs, as the Reddit post below claims.

 

In Germany, hundreds of car haulers travel daily from the American automaker’s Gigafactory Berlin to a former East German military airfield in Neuhardenberg to drop off newly built cars. According to the German newspaper Berliner Zeitung, the storage site is roughly 37 miles from the manufacturing plant in Grunheide and can accommodate up to 5,000 vehicles.

Satellite imagery posted on Google Maps reveals the scale of the inventory situation in Germany, as you can see below. A local resident of the Gusow-Platkov municipality said that they counted “40 car transporters per hour in the village, [so] 300 to 400 trips a day,” according to the Berliner Zeitung.

Tesla uses the former airfield to sort the newly built vehicles and plan their delivery.

 

This is the story with most, if not all the locations referenced in this story. The parking lots are used by nearby Tesla service centers to store vehicles that would otherwise not have room on their own lots. According to a report from local news station FOX 2 St. Louis, which investigated the Chesterfield Mall situation, there’s a Tesla service center about 2.5 miles away that can only store about 135 cars at any given time, including customer cars.

In the last quarter, Tesla had an excess of 46,561 vehicles that were sitting unsold in inventory. That’s about 10.7% of its total production. By contrast, the company had an excess of approximately 2% for 2023 in its entirety, so it’s clear that these yet-to-be-sold cars have to be stored somewhere. That somewhere are parking lots in all kinds of unassuming places, it seems.

But the issue isn’t just with Tesla. In February, the latest month for which we have access to relevant data, the available inventory of EVs in the U.S., measured in days’ supply, was 136 days, according to Cox Automotive. This figure excludes Tesla and Rivian, which sell their cars directly to consumers. Compare it to the industry average of 78 days’ supply and the picture isn’t exactly rosy.

Nissan had the highest EV inventory in February, with almost 160 days’ supply, followed by BMW and Kia. The lowest was GMC, with 54.6 days’ supply of new EVs at dealers.

Thousands‌ More Teslas Are Piling Up In Parking Lots

The electric vehicle market ‌has been booming in recent‌ years, with Tesla leading ​the charge​ as⁤ one of the most popular and sought-after brands. However, as demand for Teslas continues to rise, the company is facing new challenges in meeting that demand.

One of the biggest issues currently facing Tesla is ⁣the growing number of⁤ vehicles ​piling up in parking lots across the country. According to reports, thousands of new Teslas are sitting in storage lots awaiting delivery to customers. This backlog is causing delays for many customers who have already placed orders for their vehicles.

So why are so many Teslas piling up in parking lots? One reason is the company’s ambitious ‍production⁢ goals. Tesla has been ramping up production in an effort ‌to meet the increasing demand for its vehicles. However, this rapid increase in ​production has outpaced the ⁣company’s⁤ ability to deliver these vehicles in a timely manner.

Another factor⁣ contributing to the backlog is Tesla’s struggles with logistics. The ⁤company has been facing challenges in transporting vehicles from ‍its factories to delivery centers, further delaying⁣ the delivery process⁤ for customers.

In response to this issue, Tesla has stated that they are​ working to address the backlog and expedite the delivery process for customers. The company ⁢has‍ been expanding its distribution network and hiring⁤ more staff to help speed up deliveries.

Despite⁢ these efforts, the growing number of Teslas piling up in parking lots remains a concern for the company. Tesla will need⁤ to continue to find solutions to address this backlog and ensure that customers receive⁢ their vehicles in a timely manner.

In conclusion, the increasing number of Teslas piling up in parking lots is a problem that Tesla will ⁢need to address in order to maintain its reputation as⁣ a ‌leader in the electric ​vehicle ‌market. By‍ improving its production and logistics processes, the company can work ⁣towards reducing the backlog and delivering vehicles to customers more efficiently.