The Case of the Shrinking Lot

Tesla delivered 486,532 cars last quarter and built 464,391: about 22,000 more sold than made. Analysts counted roughly 28,000 extra the quarter before too, so for two quarters it has been selling cars it already had. 98% were Model 3 and Model Y. Earnings on October 21.

Tesla delivered 486,532 vehicles in the third quarter but built only 464,391, about 22,000 fewer than it delivered, after a second quarter in which, by Morgan Stanley's count, deliveries exceeded production by roughly 28,000; so for two quarters running it has been selling cars it had already made; the Model 3 and Model Y were 98% of deliveries, and earnings come on October 21.

Starring

Inspector HaleWrenNightjar