Part 2/10:
Musk pointed out a significant increase in Tesla's vehicle inventory—over 80,000 cars—quadrupling previous low levels. This surge suggests that the company may be reducing prices not necessarily because of declining demand but perhaps to manage inventory and prepare for new product launches, such as the evolving 4680 batteries.
He emphasized that this inventory buildup is not indicative of a demand crisis but could be aligned with Tesla's efforts to improve production efficiency or shift supply chain strategies. Musk dismisses the idea that advertising alone could make electric vehicles affordable, underscoring that price reductions are primarily about maintaining a healthy production and sales pipeline.