That’s what’s catching up to them now and why (as of last week) they had 46,000+ unsold Teslas sitting in storage lots. Now that they have actual competition and most are aware of Musk’s BS, they can’t sell as rapidly as before. But because they (over) built the factories and feel obligated to use them to build shareholder value, they can’t stop the lines without cratering the stock price.
That’s what’s catching up to them now and why (as of last week) they had 46,000+ unsold Teslas sitting in storage lots. Now that they have actual competition and most are aware of Musk’s BS, they can’t sell as rapidly as before. But because they (over) built the factories and feel obligated to use them to build shareholder value, they can’t stop the lines without cratering the stock price.
I expect there to be 75,000+ unsold soon.