Tesla Made More Cars Than It Sold in Q1 2024 — But Those Unsold Cars Aren't All Visible from Space
- by Snopes on MSN.com
- Dec 11, 2024
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The unsold inventory of Elon Musk's Tesla is so large, it is now visible from space:
Reports indicate that there are nearly 50,000 Teslas sitting in parking lots across the USA alone — so many, they can be spotted from space.
Using satellite imagery, sources like Sherwood News discovered Tesla's Texas Gigafactory lots went from partially filled in late 2023 to overflowing by March 2024.
Additional storage locations, including vacant malls and parking lots, are also being filled to capacity.
Tesla reported building 433,371 vehicles in the first quarter of 2024 but only selling 386,810, leaving tens of thousands of excess units.
This surplus reflects a slowing EV market and Tesla's price cuts failing to entice buyers. Satellite images reveal hundreds of Teslas packed outside places like Chesterfield Mall in St. Louis and former retail spaces like Sears in Moreno Valley, California. While Tesla maintains optimism about reversing this inventory buildup, the growing visibility of its unsold vehicles raises questions about the long-term demand for its once-dominant brand.
The claim of nearly 50,000 surplus vehicles was first spotted in reporting from Sherwood in June 2024, though earlier reporting on overproduction of Teslas stemmed from the company's own Q1 (first quarter) numbers, released in April 2024.
Tesla said it produced a total of 433,371 vehicles and delivered 386,810 in this period, meaning 46,561 cars were produced but not delivered to customers.
However, Snopes found no evidence that all the surplus vehicles — nearly 50,000 — were located in the U.S., or that all of the cars could be seen from space together. Therefore, we have rated this claim as false.
Teslas Visible from Space in the US — But Not 50,000 of Them
In June 2024, financial news site Sherwood published an article with the subtitle "Tesla's unsold inventory is creating stockpiles you can see from space".
The article included satellite imagery from earth observation marketplace SkyFi, showing an increase in vehicles at two sites: the Tesla Gigafactory in Austin, Texas, and the Chesterfield Mall near St Louis, Missouri.
Sherwood cited a "production lead at the gigafactory who was recently laid off" as saying the increase in cars seen in Austin was "finished Teslas before they're shipped off."
Previous reporting confirmed that the cars in St. Louis were overspill from a local Tesla dealership, as stated by the mall's owner.
However, the article did not account for anywhere near 50,000 vehicles, giving only parking lot capacity numbers for Austin and numbers in the hundreds for St. Louis. While the article did include satellite imagery, this did not show 50,000 cars.
Snopes has reached out to Tesla to confirm whether unsold cars were held at its factory in Austin or the Chesterfield Mall near St. Louis.
Reports of Unsold Cars from Outside US
In addition to reports of unsold inventory in the U.S., Snopes found similar reports from abroad.
In May 2024, German newspaper B.Z. published an article titled (translated): "Tesla's secret warehouse of unsold electric cars."
B.Z. reported that Teslas were being transported from the company's factory in Grünheide, on the outskirts of Berlin, to a former airfield in Neuhardenberg in such numbers that local traffic was affected. A resident on the route from Grünheide to Neuhardenberg told B.Z. he had counted 40 transporters loaded with Teslas in a single hour.
German tabloid Bild estimated that up to 5,000 Teslas were stored at Neuhardenberg in July, 2024.
Overproduction Largely Stopped in Rest of 2024
Our research established that the claim stemmed from Tesla's own Q1 2024 numbers.
However, separate numbers regarding production and delivery were subsequently issued for Q2 and Q3 that show overproduction was stemmed in those quarters.
For example, in Q2, Tesla's figures showed that more cars were delivered than produced, potentially helping to offset backlog from Q1.
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