Tesla is renting parking lots to store thousands of vehicles. This helps explain the mass layoffs. 
Tesla Cranking Out Cars, But to Where?
Please consider Tesla’s Storing Unsold Inventory In An Abandoned Mall Parking Lot
Parking lots full of Tesla vehicles are becoming impossible to ignore as the electric automaker seemingly can’t sell enough cars and trucks to match its rate of production. According to its own figures, the electric automaker produced 46,561 more vehicles than it delivered to customers during the first quarter of 2024. Where are all these cars going? Parking lots at its factories, malls and airports.
Recent drone footage from the automaker’s Fremont, California factory shows that cars are still rolling off the assembly lines at a high rate to fill the site’s lots. Things aren’t different on the other side of the Atlantic. Neuhardenberg, a small town in Germany of less than 3,000 residents, is complaining about the noise Tesla transporters are making as the company parks cars at the nearby regional airport.
Spotlight Germany
From the above link …
The residents of Neuhardenberg and the surrounding communities are annoyed by the traffic noise: many trucks loaded with Tesla cars drive across the streets to the airport where the cars are stored. It should continue like this at least until June.
Around Neuhardenberg the rural peace is over: columns of trucks from the Tesla factory in Grünheide thunder across the streets several times an hour. The reason: Since last summer, the nearby regional airport has been used as a parking area for Tesla vehicles.
The contract between Tesla and the airport operator runs until June 2024. It is still unclear whether it will be extended. The people of Neuhardenberg will have to continue to adapt to the trucks.
In Preparation for Next Phase of Growth
On April 15, I noted Elon Musk Fires 10 Percent of Tesla Workforce, Prepares for “Next Phase of Growth”
Preparing for Growth
Preparing for growth by firing working is like trying to lose weight by stocking the pantry with more potato chips.
Sales Must Be Imploding
On May 6, I commented Another Round of Mass Firings at Tesla, Sales Must Be Imploding
Tesla announced yet another round of layoffs today. News came in the typical way, an email starting “Dear Employee”. It seems “Dear Ex-Employee” would be more fitting.
FSD Vaporware
Ever since 2016, Musk has been promising “Full Self-Driving FSD” within a year.
Clearly this is 4-D chess … in an attempt to hide the vaporware. Full Self Driving (FSD) is nonexistent, but promised “next year”, every year since 2016.
Musk labels his offering as FSD right now despite numerous complaints from the Department of Transportation. The term is ridiculous at present.
If the Biden administration did not want this so badly, FSD may have been pulled.
Tiresome Lies
Musk statements are no longer best viewed as excessive hype, but rather tiresome lies.
For four years running, Musk promised to make 50,000 electric semis. Tesla delivered a grand total of 100.
The cybertruck is a joke. I expect musk will abandon it. 50,000 semis a year. Forget about it.
Elon Musk has bet it all on the EV taxi despite the fact its FSD is true vaporware.
Good News at Ford
Please note Ford Loses $132,000 on Each EV Produced
The good news was Ford sales were down 20 percent holding the losses to $1.3 billion.
BYD Unveils the “Shark” a Plug-in Hybrid Pickup Truck Built in Mexico
The Chinese automaker BYD (Build Your Dreams) announces a 700-mile range PHEV that will be built in Mexico, this year.
That 700-mile range includes the gas engine. I do not have specks on the EV milage stand alone.
For discussion, please see BYD Unveils the “Shark” a Plug-in Hybrid Pickup Truck Built in Mexico
Meanwhile, Back in Mexico
Back in Mexico, Tesla, Ford, Nissan, and other automakers have announced the construction or expansion of facilities.
Despite everyone rushing to Mexico to build the cars and Trucks that we need to reduce fossil fuel consumption, Biden is going to quadruple taxes on them.
Let’s see how good these vehicles are before we go gaga over them. But at least they aren’t vaporware.
Here’s the final irony Biden Wants EVs so Badly That He Will Quadruple Tariffs on Them
As a result, US consumers will overpay so much, that few people will want them despite huge subsidies. This is why you lose $132,000 on each EV.
[…] You can find videos showing that they hide their oversupply of cars in remote parking lots and unused airfields. One of the other US manufacturers of electric vehicles, Fisker, is doing even worse. They recently […]
This is going to be way bigger than Enron.
“Preparing for growth by firing working is like trying to lose weight by stocking the pantry with more potato chips.”
Really? I thought all you finance people were in love with productivity. You know, the definition of productivity is getting more done with less workers. You could do it by keeping the same number of workers and doing more stuff, or you could do it by doing the same stuff and firing workers. Mind you, it was long ago that Adam Smith pointed this out with his example of the pin factory how that made little sense. Even Hellen Keller, blind and deaf, could figure out that productivity never made much sense. Her example was more domestic, comparing what factories do with baking cakes – it makes no sense at all to fill the oven and to bake trays after trays of cakes when nobody wants to eat them.
A basic short range EV is an good alternative to a lower cost economy gas fueled car.for those driving under 50 miles a day. Daily charge overnight at home will provide all the power you need for local trips. The EV will be a better ride compared to economy gas car.
However for short trips you certainly don’t need a luxury car EV at $50K+ . Especially foolish to apply current battery tech to Semi-trucks, buses or pickups since the charging network can’t deliver power fast enough for these working vehicles. There is a well developed technology for these heavy vehicles – an electric train and trolleys. As the route for the train develops the power delivery network extends as well. At this point it seems to me like a better bet than building a network of electric truck stops and chargers.
No Deception
Enjoy the fumes, err, vape
queue the Tesla/Musk/EV fanboys & their daily cope… w/ two scoops of delusion, for flavor.
bottom line: battery tech is toxic garbage… an unsustainable resource sinkhole & physically-restricted, inefficient CHEMICAL equation that has achieved MARGINAL “improvement” (at best) despite trillion$ in R&D “investment” by every space program, government & military on the planet since WWI.
as always, it is the marketplace that will ultimately bury the Bad Idea that should never have left the whiteboard… the math never worked, and it never will.
TSLA is a good $28 stock
More like $17
Tesla purchase subsidies for the illegals.
Hurrah – Jeff Green — you can stop buying those old used Teslas for next to nothing and instead buy new ones … for next to nothing.
The legacy auto makers are ditching EVs… and will survive but Tesla is going to ZERO hahaha… cuz that’s all they got
I bought coffee in a busy gas station. When I dumped the cup I noticed that the average pickup truck pd $70/$80, while cars and SUV about : $40. // $65 (w/junk food & drinks) x 150 is $70K/week x52 weeks ==> $3.5M/Y
Hey genius, my truck’s fuel tank is much bigger than my SUV’s. Now go make us some sammiches. LOL
They don’t fill it to the brim.
Usually, pickup drivers are quite large hence the additional junk food.
Many car dealers are loaded with brand new cars and recycled cars. The major mfg have thousands of dealers. They don’t move bc prices are too high and interest rate is too high. Mfg volume isn’t the same as dealers volume.
Ilan has no dealers. His unsold inventory is packed in a few parking lots, not in thousands of them, hiding the problems.
The massage : we are in recession.
Can’t be in a recession. Inflation doesn’t happen in a recession.
You obviously were not around in the 1970’s.
The BYD EV range is rated at 60 miles, probably 40 highway miles in real life. And they will be sold in Mexico, made in China for now.
When the battery is dead, they are rated for about 30% better fuel economy than a Ranger Raptor, and quicker to 60.
Teslas in storage are claimed to be near term future robotaxis. Normally automakers with excess capacity make a deal with Hertz. Not this time…
Leave them idle for too long and the $20,000 battery becomes a brick. LOL.
So WHY aren’t Tesla’s selling? Can’t tell that from the SF Bay Area where Tesla’s are like cockroaches in FL! I’m on the road the other day and I see 2 Tesla’s in back of me, one to right and one ahead of me. Sheese. And they don’t even look that good design wise to me.
Are other car manufacturers experiencing the same sales drop off? Is it interest rates? Or have they been forced to raise the prices too high due to ever increasing labor costs?
There are new competitors shipping cars that offer equal and better value, and the CEO of the company has engaged in a campaign of performative jackassery explicitly designed to irritate the target demographic for an electric car.
Perfect storm of hubris and stupidity.
He should have learned from the Pillow guy, go woke or grow broke in action.
Nobody ever thinks they’re the pillow guy, not even the pillow guy.
Nobody wants EVs. Repeat after me – Nobody Wants EVs…
Tesla is now offering 0.99% APR on loans for new Model Ys so I expect to see even more on the roads, assuming the buyer can qualify.
Um… they were selling .. up until the public became aware of the problems with EVs… and now they are not selling…
Just because you see them on the road does not mean they are still selling.
Tesla slashed 20% of it’s work force… they are still selling some of these junkers.. but they are running out of low IQ consumers and headed for ZERO
“So WHY aren’t Tesla’s selling?”
Petrocks aren’t selling anymore either: Those who wanted one, already bought it. Their not as fashionable anymore. Money for conspicuously consuming unnecessary fashion items, is less widely available.
In the Bay Area, there’s also the issue that arbitrary advantages; granted to groupies back when the only ones belonging to the Teslagirls clique were card carrying members of Newsom’s inner circle of more equals; were predictably pulled once ownership started broadening to include mere equals as well.
Toyota and Honda are dominating the sales in California. Tesla is falling hard behind. Their cars are old, ugly and boring. There are dozens better EV cars than Tesla on the market now.
Just donated the unsold Teslas to Ukraine. They can drop them on the Russians.
If they can remote control them, you can probably make one into a sizable bomb.
…they are ALREADY sizeable bombs.
batteries = inherently flammable, toxic, unstable chemical “bombs”… just add some real-world variables & watch them explode.
Not sure what they’d drop the 5 tonners from…..
But:
One seriously underappreciated use for all that battery capacity, is submarine vehicles: Torpedoes, subsea drones etc…
A rather stealthy, slick kamikaze subsea drone, can be given quite the subsea range with these batteries.
Seeing how crafty those Ukranian seadrone builders have been: The era of large warships providing much of an advantage in the Black Sea, is very likely decisively over.
And also; analogous to what has become a bit of a broken record no matter how desperately Lindsey and friends are screeching nonsense: China has all the production capacity, all the raw materials, and all the knowledge, as far as large scale big-battery production goes. And hence, soon, enough of the things laying about to quickly, cheaply and easily build enough drones to decisively exhaust even an entire carrier group’s worth of defensive munitions pretty much anywhere in the South China Sea. And at the rate things are moving: In a year’s time, it”s be two carrier groups worth…..
Also: Even Yemenis can afford BEVs, and their batteries, once overproduction makes them cheap enough. As can Iranians. And southern Lebanese. Perhaps even Gazans…..
Tesla’s sales 2020: 31.5 billion.
Tesla’s sales 2023: 96.8 billion.
Definitely failing.
Can’t wait to see 2024 numbers. The massive layoffs are a big tell.
I wonder if they are counting the unsold vehicles in the parking lots as sold… that’s what China does
Yes. That number will be interesting – for the whole industry.
I want to buy a Toyota Tacoma, and there are countless reports the new models are not selling, and sitting on the dealer lots. The reason is high cost, and high interest rates.
The difference is, Tesla sells directly to customers, hence the cars are piling up at the Tesla factory.
The other car makers deliver to dealerships, so the cars would be sitting unsold there.
Tesla has forward view of the market.
It’s kinda like the Covid Vaccines… loads of people agreed to get injected… then loads were injured or died… and it didn’t do what they were told it would do…
And now almost nobody wants to inject them…
Get it?
That happened only in MAGA word. That’s why half of them is in the cemetery.
And 2024?
What type of oil do electric vehicle enthusiasts use in their vehicles?
EVOO. But just on their salads.
Its not just Tesla with thousands of overpriced, useless Biden-mobiles.
GM and Ford have the exact same problem (and lower biden-mobile sales then Tesla)… they just dumped their lithium weights onto Hertz, Avis, etc.
Tesla has thousands of unsold EVs on their own parking lots.
GM and Ford have at least as many on the lots of Avis, Hertz, etc
Same uneconomic product, two ways to store them (physically and balance sheet)
When Hertz dumped their fleet of Teslas… that was a signal that Tesla is over and headed for zero
I have plenty ICE vehicles
no need for over priced LITHIUM WEIGHTS
Tesla isn’t a soccer mom car. Upper middle class single women in their 20’s/30’s indulge themselves with Tesla : female dentists, engineers, high tech, small business owners… These women are renters. They don’t have a husband or kids. They aren’t planning to buy a house or move. They like their money and freedom. They do what they want.
Middle class and lower middle class single women also rent. Their income is good enough for them. They have no intention to yield their independence, to buy a house or move. Many single women renters in urban areas have a large bank account. They are frugal and thrifty. They have no intention to impress, to share themselves with anyone or buy a Tesla..
How do these renters charge their cars?
They rent a townhouse.
They charge the car using electricity generated by coal, gas or uranium.
They are saving the world!!!!
There are more single women renters than single men renters.
Do they fund the high price tag of a rip off Tesla by performing on Only Fans?
13% of homeowners are single women, and 10% are single men. 20% of renters are single women, and 19% are single men. Do you ever look anything up, or are you just a free-form bullshitter?
https://ipropertymanagement.com/research/renters-vs-homeowners-statistics
“There are more single women renters than single men renters.”
“…20% of renters are single women, and 19% are single men…”
according to you, he’s correct… so WTF are you babbling about? do you actually read/comprehend english, or are you just a full-time prick?
The numbers are functionally tied, prick.
you give it, but can’t take it.
learn the rules or get lost.
Frugal with their own money. Ever hear of foodie calls. I learned early on. The country is running out of Simps to fund those liberated women. My wallet, my choice.
Most renters are women : single women, shingle mums, divorcees, widows…
A few of them own Tesla, a symbol of status and success, announcing that they made it. Some live frugally and have a large bank account. The majority are hooked to gov goodies.
13% of homeowners are single women, and 10% are single men. 20% of renters are single women, and 19% are single men. Do you ever look anything up, or are you just a free-form bullshitter?
link to ipropertymanagement.com
REPEAT IGNORANCE.
“There are more single women renters than single men renters.”
“…20% of renters are single women, and 19% are single men…”
according to you, he’s correct… so WTF are you babbling about? do you actually read/comprehend english, or are you just a full-time prick?
GO TO THE BOX & FEEL SHAME.
Howdy, prick. The numbers are functionally tied, prick.
childish tantrum.
Why do they buy coal powered cars?
That is obvious sarcasm but what is a realistic value of a market for FSD cars, trucks, taxis, etc?
Depends on how good it is. If it can run unsupervised, it can probably return at least minimum wage.
if that market is quadrillion then the insurance must be through the roof. The insurance cost is probably what’s killing sales. A fixed interest rate is doable, even a high one, but insurance cost going up 20% every year is not.
Zero.
FSD cannot & will not survive real-world standards of LIABILITY.
practical application of FSD will be very, very, very limited, period – end of story.
I believe Elon Musk is a bit like Tom Brady … I would never count him out. He has hit blips in the past, but strategically I would not bet against him. That said, I am not in the market for a car … but if they firesaled some of the Teslas … I might grab one. My biggest concern is that it may be like my first computer (IBM PC Jr … yes I’m old) where the tech changes fast enough that having today’s technology may be bad news in 4 years.
Why would you want to own a Tesla? Mish has published all the downsides.
If you think you are sacrificing to save the world… ask yourself what is burned to charge a Tesla.
Who here is shorting Tesla?
A better strategy is to bootleg BYD cars across the border the way Capone ran booze. As Mish says, alternative markets form when sanctions (and tariffs) are imposed.
If BYD will make these in cars in Mexico then just let all those immigrants drive them up here, heck if it’s cheap enough I might buy one.
Not in Kansas. You must get a vin check before you can get license plates and registration.
Not in any state since they all require registration in order to get plates and you won’t be able to register a car that’s not legal.
Here’s a hint Tim & Laura, people interested in buying illegal cars will find a way to get an illegal plate. It’s not that hard.
I would but everything is going to zero soon so what is the point of investing in anything.
The sales of EVs seems to have flatlined at second car buying early adapting, FOMO, virtue signalers with a home charging station next to their first car, with an ICE, for all not-local travel.
The second car market is large. As lithium liquid electrolyte battery cost continues to crash, the day is fast approaching when EV and ICEV purchase costs will be the same, especially in the lower end mass market
If there is a gigantic surplus of Teslas, including from Hertz’s inventory liquidation, there could be quite the EV buying opportunity soon.
This will be especially true in WA State, which is offering truly stupid subsidies for buying even a used EV. As much as I pretty much shit on Teslas whenever possible, if I could get a new one for a net price of $15K to $20K, I just might be tempted.
“A price for everything, and everything at its price.” If Olympia and the Wrong Washington (D.C.) want to be brain dead, far be it for me to interfere.
My biggest sales objection might be not wanting to be seen in a Tesla. I would have to come up with a clever bumper sticker about that. LOL
A few bumper sticker ideas:
Rolling on coal
Thank God for coal miners
I love fracking
Save the planet by only consuming “natural” gas and “organic” coal
F789 Yeah! Maybe I will buy a Tesla just so I can mock the Fan Boys with a plate:
Coalpowered …
hahahahahahaha… I would need to buy a damaged one cuz the Fan Boys would key me on a daily basis…
They hate the truth.
Wouldn’t be true where I live. We get none of our electricity from coal.
be more pedantic… people love that.
Howdy, prick. Hey, you didn’t want me to be pedantic, prick.
i merely did to you what you do to others… and you couldn’t handle it… you’re obviously a bedwetter.
Hahaha… so true… whenever I see a Tesla I try to get a look at the driver… suckers come in all shapes and sizes
Ya that’s why the legacy auto manufacturers are slashing EV lines… and Tesla ditched 20% of its workforce…
The word is out — and the hype is in meltdown
I already have a BBQ and don’t need an IED in my garage.
Thieves are also stealing the copper from Tesla charging stations:
https://www.bitchute.com/video/s1ejElNTJxCo/
Tesla tried to give the charges a sheik minimal quasi retro look. Unfortunately more R&D will be needed for security, far exceeding the costs of a good old fashioned ICE pump with cheap hoses nobody wants to steal.
To be fair, he is doing a bang-up job at selectively censoring Tweets that hurt his fragile ego. He’s doing something right!
The real issue there and at Facebook is all the spam accounts. I used to report them to Twitter/X, at which point I was kicked off. Facebook makes it harder, so I don’t bother.
I think what is really happening is that both platforms are counting the spammers at “engagements” for advertising rate purposes. It’s a complete scam, but that’s how it goes.
I don’t think the politics matter right now on either X or Facebook. This is all about the Benjamins.
The man works day and night!
Elon Musk must have egg on his face….he decided to go anti-woke and now he’s going broke. ROTFLMAO. I heard his Germany plant is under siege.
https://abc7.com/post/tesla-berlin-factory-police-prevent-environmental-activists-from-storming-factory-in-germany/14794910/
How’s the twitter distraction working out Elon?
I really wish Kidhorn was here to sort us all out about the EV market.
An EV once bit my sister.
Wow, it really sounds like they are imploding. We shall see. As for FSD, I never believed it, nor do I believe anyone else’s.
The big questions now are is there going to be a charging network to support the EV market or are they pretty much just limited to home to around 100 miles away . Where is the insurance market headed with evs and how about the used market to sell these after 5 years or so . Is there a maintenace support for evs going forward with severe mechanics shortage but really no infrastructure for support for these vehicles and all the software and different kind of expertise they require . If a fender bender causes a total of these cars due to know way to know if the internal betteries have been compromised the insurance rates could be very high and deter anyone going into them . I feel as people have increased their knowledege of the above that you are seeing a shutdown on people willing to buy these cars and it is what you see with sales shutdown and inventories exploding around the globe . This will not be turned around very quickly and could snowball to a big problem .
If there ain’t one during good times… and their ain’t … imagine what happens now that sales are collapsing…
Who would invest in a comprehensive charging network right now
hahaha
What should never have existed – won’t
If Ford’s sales are down 20% where are they hiding all the EV’s they can’t sell?
Ford stopped making them, Tesla didn’t
Lexus Dealer end March stated ‘We have not sold a single EV model in 2024’ hahaha
Ford is “hiding” their EV mistakes on the parking lots of Avis, Hertz, and captive car rental companies. Ditto for GM
I just took a trip and rented a car. The only EVs for rent were Teslas. Are there Ford EV rentals? Given the slow charge rates of the current liquid electrolyte batteries (and this includes Tesla’s laughably overhyped “superchargers”), it doesn’t surprise me at all that EVs are duds as rental cars.
Not only that, but the controls of the average EV are unintuitive, and there is far more variation in those controls between EVs makes and models than there is with ICEVs. Everyone is familiar with ICEV controls and operation, but not the same with EVs.
I own an EV and have nothing against them, but avoided it on the trip because I didn’t want to have to figure out the thing when I picked it up at 10:30 p.m., nor did I want to have to find a charger at the end of the rental and sit there for the better part of an hour while it filled up.
I thought AI would crank out FSD EVs by now. Should be childs play for AI. Not.
lulz… so true.
AI = yet another over-hyped nothingburger “technology”.
Meanwhile Chinese have a ton of cheap and good EVS to sell
https://www.zerohedge.com/geopolitical/biden-administration-quadruples-tariffs-chinese-evs
But Joe put 4x tariffs on them.
So does Joe believe in global warming and getting rid of ICE cars or not???
Trump and Biden are near clones when it comes to protectionism, you do know that, don’t you?
I believe that to be true … Trump hasn’t been banging the EV drum. So in the one case it is protectionism with all the potential issues there … and in the other case it is all of that plus a serious dose of hypocrisy
Nobody wants to be the guy that puts Joe Sixpack out of a job.
And they both pushed the Death Shots
How much will you pay me to own a Tesla? Like wearing a sandwich board that says kick me I’m stupid.
If people want to dip their toe into EVs, the risk should be lowered. I am not paying 50K for a car that does less than my ICE car. I could never get the value out of that premium since I do not drive that often. When I do drive it’s a lot further than the charge will allow. The Chinese make a ton of these things and considerably cheaper. If people believed in good value for the money, they would let the free market decide. Instead Joe is protecting the auto Unions and last century’s car business model. He is swimming upstream in tastes in the market, costs of doing domestic business and making his donors happy
In functional terms, the latest generation EVs are viable urban commuter cars, but that’s all.
This will not be solved by more chargers. The charging rate is too slow, and that includes Tesla’s laughably over hyped “superchargers.”
On a really ideal day, which rarely occurs, a “supercharger” will add about 20 miles of range per minute and usually 10 to 15 miles.
My Ram 3500 adds 80 to 100 miles of range per minute at a diesel pump, and my Toyota Rav-4 midsized SUV adds 125 to 150 miles of range per minute as a gas pump.
On the plus side, a typical new generation EV will go at least 225 miles on the recommended 80% of the battery in urban commuting use, and 140 to 175 miles in the dead of winter.
The average daily car use is about 30 miles a day. The effective range must be a good deal farther than that for them to be viable second cars, which I have argued for years, much to attacks from EVangelists.
But now, EVs have adequate range as second cars for drivers who can charge them at home. They will not be full service vehicles in the U.S. until ranges are much longer. At that point, both charging networks and charging speed will become key issues.
Lots of young families in my neighborhood in central Florida (definitely not The Villages!) are getting large electric golf carts that are qualified to run on the street. I see them running errands on side streets, mainly taking kids to & from the ball fields or the nearby grocery store. Not much use when we have our afternoon thunderstorms.
Lots in my neighborhood too in the West Palm area and that includes friends who have one.
As you say, not great in the rain but definitely super handy for running local errands when it’s not raining and saves on driving you car/gas costs. Plus you can let the kids drive since you don’t need a license to operate
Repurpose the tents from the college protests into tops for the golf carts.
In functional terms, the latest generation EVs are EXPENSIVE viable urban commuter cars, but that’s all.
Fixed it
IOW…
Tesla = glorified golf cart
some honesty has finally reached the conversation.
All EVs are garbage charged by coal and gas.
Why would you want to have to spend hours charging when you can fill er up in 2 minutes?
You are NOT saving the world. Repeat that 100x
I have solar panels and a Tesla because Biden gave me some tax money back to do so. Sound financial decisions despite your odd crusade here.
Yes but even with the tax subsidy an EV is still more expensive. So why did you buy a Tesla? It’s coal/gas/uranium powered btw… and in any event GW is a Pillar of Bullshit https://www.headsupster.com/forumthread?shortId=4824
Also how do you feel about your Tesla’s resale value – which is collapsing more each day