Tesla Unsold Inventory Soars 112% (NASDAQ:TSLA)

In the latest delivery report released on Thursday, Tesla, Inc. (TSLA) beat most analysts’ delivery estimates by handing ownership over to about 88,400 customers in Q1 (Form 8-K filing is here). This was, as expected, a record for any 1st quarter. It easily beat 1Q19 since Model 3 deliveries did not begin in Europe and China until mid-February last year, so Tesla’s numbers benefited this year from worldwide deliveries of Model 3 for the entire month of January and early February.