'A TESLA GRAVEYARD?' HUNDREDS OF UNSOLD EVS PILE UP IN MISSOURI MALL LOT

Recent reports fromFox News Chanel (Fox News) have shed light on a concerning trend in the electric vehicle (EV) market. In Chesterfield, Missouri, a shopping mall parking lot has become an impromptu storage facility for hundreds of unsold Tesla vehicles, signaling a sharp decline in demand for electric cars.

Fox News revealed that many of the Tesla vehicles parked at the mall are 2024 models, suggesting a significant backlog of inventory. The network also reported that Tesla has resorted to renting this external parking space due to insufficient storage capacity at its own facilities.

While it's not unprecedented for Tesla to utilize rented spaces for overflow inventory - similar situations have been observed in Florida and Detroit - this particular case raises eyebrows due to its scale and duration. The parking lot has remained full for an extended period, with the number of unsold vehicles continuing to grow. This situation underscores the persistent slump in electric vehicle demand, with no immediate signs of recovery.

The impact of this trend is reflected in Tesla's financial performance. In North America, the company's first-quarter revenue plummeted by 71% compared to the previous year. The second quarter has shown no significant improvement, with April sales dropping by 16% - a steeper decline than the overall 4.4% decrease in EV sales. This suggests that Tesla is losing market share even as the entire EV sector contracts.

This phenomenon of unsold EVs accumulating in parking lots is not unique to the U.S. Similar scenes are playing out globally, including in China and across Europe. As demand continues to wane, the industry faces a looming challenge of how to manage and potentially liquidate this growing inventory of unsold vehicles.

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2025-06-20T14:33:11Z