Tag: backlog

  • Tesla decreases Model Y prices to reduce its inventory backlog

    Tesla decreases Model Y prices to reduce its inventory backlog

    Despite being the top EV seller in the U.S., Tesla had a somewhat rocky first quarter of 2024, building significantly more vehicles than it delivered. While some analysts’ predictions that Tesla could “go bust” sound overblown, the automaker is in recovery mode, offering deeper discounts to move unsold inventory. Tesla’s first-quarter sales dipped by 8.5%…