[SoftTalker]

Because it’s a ridiculous looking vehicle and not really practical as a truck. On top of that all the Elon hate.

[rtkwe]

I know why it's happening I just wonder how long their inventory tail has grown at this point or if they have scaled back production to the point it's not threatening to take over every random parking lot in the nation.

[TheAlchemist]

They don't split the numbers among models - so it's stuck with the 'Other models' production. It is scaling back significantly - it was 24k cars produced in Q2 2024, down to 13k this Q.

Deliveries where ~3k lower than production each quarter, so there are 15k of them stuck somewhere. Given the pace of depreciation, they may even soon be available at the price Elon initially announced !

[mixdup]

Unsold new units do not depreciate. Of course they may discount them to move them but it's not depreciation like a used car

[rtkwe]

Their prices have been falling for new and they're competing against a lot of low milage regret purchases on the used market.

[SoftTalker]

They do, but the owner is the one who realizes it.

A "new" car that is last year's model will effectively hit the owner with a year's depreciation the moment they sign the sales contract.

[Zigurd]

Dodge Hornet?