Relating to Tesla, it looks as if the one factor folks wish to speak about currently is the Cybertruck and its flaws. And whereas we are able to all have fun at that monstrosity on 4 wheels, the electrical car firm has an issue with its rising parking a lot of unsold Teslas in Austin, Texas. Telsa has struggled to promote automobiles lately, and people stockpiles are getting onerous to cover, particularly from satellites.
Sherwood Information used satellite tv for pc imagery to match parking a lot of unsold Tesla stockpiles in October 2023 versus 5 months later in March 2024. The photographs present a lot fuller parking tons in March versus October. This confirms what Tesla’s Q1 earnings in April mentioned; the corporate is producing considerably extra automobiles than it’s promoting. Tesla’s deliveries declined 8.5% from final yr, and the corporate produced almost 47,000 extra automobiles than it bought. This was the primary decline in gross sales since 2020 when the covid-19 pandemic compelled Tesla to shutter manufacturing.
The imagery from satellite tv for pc imagery agency SkyFi paints an image as to the place these unsold Teslas are going: nowhere. The automobiles simply sit in these parking tons till they’re shipped, in line with Sherwood Information. Jalopnik beforehand reported the Chesterfield Mall in St. Louis has been storing extra stock for Tesla. Satellite tv for pc pictures from SkiFi confirmed almost 500 Teslas sitting there as of Might 2024.
Later this week, Tesla shareholders are slated to vote on Elon Musk’s almost $50 billion pay package deal on the firm’s annual shareholder assembly. In February, a Delaware choose struck down that pay package deal after discovering Musk had intensive ties with board members who authorised his pay deal. Not solely will shareholders vote on Musk’s pay package deal, but additionally on whether or not to relocate Tesla outdoors of Delaware completely, more likely to get away from that choose.
In the meantime, Musk tweeted over the weekend that if any of his different firms go public, he’ll prioritize longtime Tesla shareholders. It’s unclear if that’s a touch that some firm is definitely going public quickly or just a bit nod to Tesla shareholders earlier than the large vote. Both means, it’s clear Musk wants these people on his facet now greater than ever, as Tesla struggles and he continues to seize energy.
