Until recently Tesla’s problems focused on his ability to produce the promised vehicles or on containing the almost criminal and pathological incontinence of Elon Musk, its chief executive. Nevertheless very few doubted that Tesla produced the cars that would dominate the automobile market in the near future and that it would not have any problem in selling everything it produced.
Well, neither competition is static, nor does it seem that the market has infinite capacity to gobble up electric cars at the prices Tesla wants to sell them to. The result is that with the figures of production and sales that the company published yesterday many have had a reality bath with a drop of 10% in the price of the stock included today.
We leave you a table with the evolution of the production and sales by quarters of Tesla, as well as the stock of unsold cars that the company is accumulating assuming that they will start 2018 with a zero stock.
Undoubtedly, the most significant of all, is the drop in sales of 31% in the first quarter of 2019 compared to the previous quarter, with a drop of 20% in the units sold of the Model 3 and a collapse of more than 50% in the S and X models. Remember that not many months ago, Elon Musk miserably despised the question of an analyst who insinuated that Tesla could have a demand problem in the near future.
We are going to see what will happen next quarter, and especially how the stock of the company that currently accumulates at least 1/3 of its quarterly sales in the stores behaves. Too much money accumulating dust in tents for a company that does not exactly have enough cash and that many discounted that it had an almost infinite demand.