“If it wasn’t clear before, it now is, Tesla has a demand problem,” Gordon Johnson, an analyst who is one of the biggest Tesla critics, said in a note Monday. “And as Elon said, as long as you offer a product with value at affordable price, you don’t have to worry about demand.”īut some analysts said the hard numbers reported Sunday raises questions about the strength of demand for Tesla, no matter how bullish the comments from Zhu and Musk. After that, we actually generated a huge demand, more than we can produce, really,” Tom Zhu, Tesla’s executive in charge of global production and sales, said at Tesla’s “investor day.” “Early this year, we had a price adjustment. First quarter sales trailed production by 18,000 vehicles, less than the gap in third and fourth quarter of last year, but still equal to 4% of the vehicles it built. That 78,000-vehicle excess production is equal to 5% of the cars it has built. Tesla said there was an increase in the number of its more expensive models, the Model S and Model X, in transit to Europe, the Middle East and Africa, as well as to the Asia Pacific region.īut it does mean that over the last 12 months Tesla has produced 78,000 more cars than it has sold, suggesting that talk of strong demand by Tesla executives may not be backed up by the numbers. Some of that may be due to the ramp up in production at two new factories, one in Texas, the other in Germany, which opened last spring, and a lag between that increased production and sales. The first quarter also marked the fourth straight quarter that Tesla has produced more vehicles than it has delivered to customers. expressly disclaims liability for loss or damage to any vehicle after purchase, including, but not limited, loss or damage caused by theft, fire, negligent act or inclement weather or other act of God, and vehicles remaining on the premises after purchase do so at buyer’s sole expense and buyer’s risk.Tesla reported a modest 4% rise in sales in the first quarter compared to the final three months of last year, despite a series of price cuts on its lower priced vehicles and talk by CEO Elon Musk about strong demand at those lower prices. Buyer is solely responsible for confirming, researching, inspecting, vehicles and any/ all information regarding the type, condition, status, and history of vehicles before buying them.Īll SALES ARE FINAL and no vehicle may be removed until paid in full. does not guarantee that any vehicle sold can be legally registered in any state or country. In some cases, mileage is verified after we receive vehicle, however title may still be marked NAM.īuyer may not rely upon any information provided (whether orally, in writing and/or in digital image form), included but not limited to: year, make, model, condition, damage amount, damage type, drivability, accessories, mileage, odometer disclosures, vehicle identification number (VIN), title, repair history, title history, and total loss history. Often this is marked on a vehicle which has a digital odometer that may have been inoperable due to the damage to the vehicle OR no key. Title designation that means the true mileage is unknown. These vehicles, in most cases, may be exported. NON-REPAIRABLE / PARTS ONLY / EXPORT ONLYĪ non-repairable or parts only title indicates that the vehicle cannot be titled or registered in the U.S. Procedure is same as salvage title above. SALVAGE FLOOD TITLEĪ salvage title that has been branded flood. This title can be transferred over-the-counter without salvage inspection in the state of New Jersey. STANDARD FLOOD TITLEĪ good title with a status of "F", meaning flood damaged. A salvage vehicle cannot be registered or legally driven until vehicle is repaired, salvage inspection is completed, and a standard title with a status of "S" – meaning previous salvage – is issued. Some standard titles issued to vehicles with damages may show damage history or theft history by title history reporting companies (Example Car Fax - NCIC) SALVAGE TITLEĪ salvage title is assigned to a vehicle that has been declared a total loss from collision, flood, theft, fire or vandalism. This title can be registered over-the-counter in the state of New Jersey. STANDARD TITLEĪ good title, also known as a clean or clear title. You must familiarize yourself with your state’s procedures regarding title processes. NOTE: Each state has its own rules and regulations governing vehicle titles.
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