Correct. They cannot report the sale unless a customer has taken delivery of the vehicle.Yes and to my understanding, that happens right up until the quarter ends. Which generally has led to the worst quality control as they rush so much to push things out before the quarter to get the numbers in. Because once a quarter has passed, even if you ordered in the previous quarter, they can't mark it as delivered in the first quarter if you don't receive it until the 2nd quarter? Idk just trying to understand lol
There’s a post somewhere on this forum that did a decent job of untangling the sequencing logic, but my guess is supply chain disruption, new S/X retooling and new factories coming online has thrown Tesla into manufacturing scale-up chaos. They’ll sort it out.
Fundamentally though, there’s a strong correlation between each quarter end and delivery of vehicles.