Tesla’s (NASDAQ: TSLA) electric cars look to be in high demand in the United States, to the point that the firm may be almost sold out for the third quarter. The existing waiting times in the United States for the Model 3 and Model Y, both of which are labeled with expected delivery dates well into Q3 2021, hint at this.
Sources familiar with Tesla’s US activities have stated that the firm might be entirely sold out for Q3 2021 over the next few weeks, according to latest developments connected to TSLA bull Sawyer Merritt. This is because of a surge in demand for the company’s automobiles, particularly the recently updated Model S. The sources also stated that demand for Tesla cars is still high.
While such reports should be taken with a grain of salt, a check at Tesla’s current Model 3 and Model Y configurators reveals that both models currently have lengthy wait times. The Model Y Long Range Dual Motor AWD, for example, has a September 2021 delivery date mentioned on the website. On the other hand, the Model 3 Standard Range Plus and Long Range Dual Motor AWD have an expected delivery date of up to 11 weeks.
Tesla’s Q3 2021 figures are anticipated to be excellent, with the Model S and maybe the Model X update entering the battle in the third quarter. Although Model S and Model X manufacturing being halted at the Fremont Factory in Q1 2021, Tesla was still able to turn a profit. Given that the two flagship vehicles are high-margin vehicles, Tesla’s third-quarter financials might benefit from the updated Model S. (and perhaps the new Model X as well).