Tesla's Model Y inventory is vanishing at an alarming rate, with numerous U.S. states reporting sold-out statuses. By mid-October 2023, the electric SUV has seen significant demand, leading to dwindling stock in regions like California, Texas, and Florida. In some states, Tesla's delivery timelines are extending to several weeks, reflecting the growing popularity of the vehicle among consumers.
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In particular, Tesla reported a sharp increase in sales for the Model Y during the third quarter of 2023, selling over 75,000 units, an increase from previous periods. Analysts have noted that the vehicle's affordability compared to other electric SUVs, starting at around $49,990, is a substantial factor driving the rapid sales. Furthermore, consumer interest has surged after the announcement of an upcoming price adjustment expected by the end of the year.
As Tesla ramps up production to meet the overwhelming demand, many customers face longer wait times for delivery. Reports indicate that several Tesla showrooms across the country are now completely out of stock for the Model Y, leading to increased speculation about potential price hikes. Customers eager to get their hands on a Model Y may need to act quickly, as inventory levels continue to decrease with each passing day.
Source: teslarati
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