Tesla sees a surge in demand for Model Y in North America. The next deliveries are scheduled in 4-16 weeks, which is twice as much as before.
Orders for Tesla Model Y in North America are through the roof, as evidenced by the recent increase in delivery times for ordered vehicles. Previously, the delivery time was February-March, but orders placed now will not be delivered until March-May. Overall, delivery lead times have roughly doubled, from 1-8 weeks earlier to 4-16 weeks now. Delivery times are the same for all countries in North America where Tesla sells its vehicles, including the US, Canada, Mexico, and Puerto Rico.
Strong demand for Model Y followed after Tesla lowered the price of its cars on January 14. The compact SUV has become especially attractive as its price has dropped from around $70,000 to around $57,000 in the US. One of the most significant factors was that after the price cut, Model Y became available for US tax credits of $7,500. In this way, Tesla made the car uniquely attractive to a wide range of consumers, and affordable to those who previously could not afford it because of the higher price.
During the Q4 2022 Earnings Call, Elon Musk revealed that in January, Tesla saw the strongest number of orders ever received by a manufacturer in its history. About a week ago, the company was getting orders almost twice as fast as it could produce cars. In such a situation, it becomes obvious that the waiting time for delivery has also doubled and there is a high probability that it will continue to grow, along with an increase in the number of orders.
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About the Author
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.