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Despite some easing in backlog—particularly in China, where economic slowdown has impacted demand—Tesla remains confident in its ability to sell every vehicle produced. Elon Musk emphasized that demand in North America remains robust, with long waiting periods for deliveries. Even if demand in certain regions slows, Tesla can adjust by lowering prices or introducing lower-cost models.
Tesla's upcoming Next Generation platform, aimed at half the current cost of Model 3 and Model Y, could unlock even higher sales volumes. Elon Musk hinted that this could push Tesla to sell at least 4 million vehicles annually, a substantial increase from current figures.