View photosTesla’s Key Inventory Figure Tops $2 Billion for the First TimeMore
(Bloomberg) — The value of Tesla Inc.’s finished goods inventory, which includes vehicles available for sale, exceeded $2 billion for the first time as the Model 3 sedan began overseas deliveries.
The $2.15 billion in finished goods inventory Tesla carried as of the end of March was up 36 percent from the end of last year and up 91 percent from a year ago. In a regulatory filing, the company blamed the increase on the longer time it takes to deliver Model 3s outside North America.
Tesla’s filing Monday and a letter to shareholders last week also have offered details on why Model S and X deliveries dropped off in the first quarter. The