Part 3/11:

Production and Inventory Dynamics

One key aspect often overlooked is Tesla's manufacturing and delivery logistics. Tesla's factories, including those in Berlin and Shanghai, were offline for retooling and upgrades during this period, which affects inventory levels and sales figures. Historically, Tesla unwinds the delivery wave each quarter to ensure a steady flow of vehicles. This involves prioritizing distant markets at the start of a quarter, resulting in artificially low sales figures in the initial month—a pattern observed in Korea, for example.