Wow, no two ways about it those P&D numbers are horrible. Even much worse than my pessimistic self thought they would be!
Long term this won't matter, but short term its concerning. 50K cars in transit or inventory is alarming to me. I think we have to admit there is a demand issue going on now. I don't think its just a Tesla demand issue but an auto industry issue, even BYD is down like 40% for Q1. Still I think its clear by now the demand problem is real.
Megapacks are still climbing nicely, and FSD is getting joyfully good, but I'm not even sure 2 million deliveries for 2024 is in the cards now. Not with this start to the year. I can only hope Tesla beats P&D for whole of last year in 2024 at this rate.
Should present a GREAT buying opportunity for us HOLD'ers though!