three-year old waitlist fill in the US nearly completed. Demand declines.. 30% are leases going to 50% sale may go from 20K back to 10K in
Tesla is currently going after the remaining low-hanging fruits in foreign countries, where the waitlist order fill has not been started yet. Once they fill out, the initial wait-list demand pull is over.
The real-time demand in the US is falling already, and will fall rapidly late this year & early next year.
Model S sales will track convertible car sales for the next several quarters, meaning no strong winter demand. I think the fairy-tale-eyed fans will learn this the hard way. Model S was held up only by the initial wait-list fills, thereby creating a demand illusion. Less
Mercedes, BMW, and Lexus should just pack it in. They don't even have a backlog and some dealers have those new cars from them just sitting on the lots. Surely it's a sign that everyone that wants to own one of those 3 does by now. Time for them to just give up totally.
as with any industrial company, when backlog falls, it is often concluded that the company is slowing down or stumbling. With TSLA car so highly rated, any decrease in demand (deliveries and especially in backlog) from QoQ growth rates of less than 25% - 50% mean this train has left the tracks to end up in the ditch.