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Do you want a new Tesla? You will have to wait a while

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Estimated delivery times on the Tesla website have been postponed until the end of this year (and, in some cases, next year), for all versions except the higher versions of the Model 3 sedan and the SUV Model Y.

For the two most expensive cars, the Model S and the Model X, buyers will have to wait until March or April 2022 to get anything but the top “Plaid” version of the Model S. For the more Tesla models expensive, estimated delivery time is january or february.

The top “performance” version of the Model 3 can be delivered in four to six weeks, and this version of the Model X can be delivered in five to six weeks. But for the less expensive models, you’ll have to wait until between November and January.

“The chip shortage problem is not moderating as much as Tesla stock markets expected,” said Dan Ives, a technology analyst at Wedbush Securities and one of the analysts with a bullish forecast for Tesla shares. He said delivery estimates have fallen back over the past week.

Tesla did not answer questions about longer delivery estimates. At the end of July, CEO Elon Musk warned investors about problems with the supply of computer chips and other parts, telling them, “Chip supply is basically the governing factor of our production. It’s hard for us to see how long this will last because … this is out of our control essentially. It seems to be improving, but it’s hard to predict. “

As for other parts, he warned, “The rest of this year, our growth rates will be determined by the slowest part of our supply chain.”

Tesla shares have been fighting for much of 2021 after a 743% increase in value during 2020. Ives said he believes these new delivery estimates will only continue to weigh on stocks, as investors worry the company may be able to meet market expectations of 900,000 vehicles delivered this year. Tesla has said it expects to have only a 50% increase Deliveries of 500,000 cars 2020.

“It’s one thing to talk about futuristic projects,” Ives said. “But investors are focusing on deliveries and growing competition in the EV space. That’s the excess of value right now.”

These delivery estimates are for sales in the United States, not for sales in Europe or Asia, which come from your Shanghai plant.

Earlier this year Tesla stopped production of the Model S and Model X totally during the first quarter as it tried to get production to follow the best-selling and least expensive models. You may want to do it again. But these delivery estimates show that Tesla will likely only build the most cost-effective versions of these less expensive models in the short term.

Tesla did not respond to any requests for comment on the longer delivery times.

Problems related to the slowdown in production are by no means exclusive to Telsa. Toyota (TM), the world’s largest carmaker by number of vehicles sold, announced Thursday that it was reduce production by up to 60% in North America and about 40% in plants in Japan in September.
Volkswagen (VLKAF) also weighs production cuts and General Motors (GM), Ford (F) and Stellantis have announced it temporary plant stops due to the shortage of births caused by the increase in cases of covides worldwide, especially in Barcelona Southeast Asia, where many suppliers have been forced to cut or stop production.

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