A new analysis of Tesla’s order backlog reveals that it looks like it is improving, albeit slowly.
According to an analysis by Troy Teslike, Tesla’s estimated order backlog is roughly 414,000 cars as of the end of August.
414,000 is a significant backlog but only represents about 102 days of production at Tesla’s vehicle Gigafactories.
However, this backlog is a significant improvement compared to the backlog between March and July.
During that time, Tesla saw a reported backlog of over 500,000 vehicles.
Although Tesla did not confirm the reason for the backlog drop, it appears that it comes from increased production at Giga Shanghai and Fremont.
Some models are worse off than others for those still waiting for vehicles.
- The Tesla Model X Long Range is currently on a 365-day backlog.
- The Tesla Model 3 Long Range (AWD) faces a 202-day backlog in Canada and the United States.
- While the Tesla Model Y Long Range AWD is also facing a 167-day backlog in the US.
Tesla's order backlog was 414,000 on Aug 31, equal to 102 days of production. Tesla wants to reduce it to 4-8 weeks (28-56 days) to create a better buying experience but Model Y Standard Range in China dropped to 18 days. Tesla could either increase exports or reduce the price. pic.twitter.com/eBhTKbyCvt
— Troy Teslike (@TroyTeslike) September 15, 2022
Tesla has noted that they would like this average wait time of 102 days to go down to 28-56 days.
This would be a massive undertaking, but Giga Shanghai has shown it is possible.
For instance, the Model Y Standard Range in China has a wait time of 18 days for domestic customers.