Tesla (TSLA) Germany Wait Times Rising Sharply – Piper Sandler
By Sam Boughedda
Piper Sandler analyst Alex Potter stated Thursday that European wait occasions for Tesla’s (NASDAQ:) Model Y are rising sharply.
The analyst defined that they began monitoring supply wait occasions for Tesla autos in Germany, the U.S., and China a couple of months in the past, with a earlier rise in German wait occasions put right down to a manufacturing unit shutdown in Shanghai (Tesla’s export hub).
Potter stated they observed “another sudden upward inflection” for German Model Y consumers, who now have to attend roughly 23.5 weeks (or ~5.5 months) earlier than they obtain their car, up from 15.5 weeks (3.5 months) just some days in the past.
However, they’re much less certain concerning the purpose this time, pointing to a few potential components: 1) Tesla’s new manufacturing unit in Berlin is taking longer than anticipated to ramp 2) Model Y orders in Europe have elevated all of the sudden, resulting in a much bigger backlog 3) Exported autos (from China) could also be taking longer than anticipated to achieve Europe.
“Any one of these factors, or a combination of these factors, could explain the longer wait times,” concluded Potter.
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