When the dust settles it's interesting to see whether Fremont produces US or EU variant. On the one hand, European FCA credits greatly improve automotive gross margin as seen in Q1 results. On the other hand, there is still plenty of inventory left in Europe. Order backlog must be stronger in US and China compared to EU.
Current M3 inventory situation in Europe according to tesla.com:
Belgium: inventory left
Denmark: inventory left
Spain: inventory left
France: inventory left
UK: inventory left
Ireland: inventory left
Luxembourg: inventory left
The Netherlands: inventory left
Austria: inventory left
Portugal: inventory left
Switzerland: inventory left
Sweden: inventory left
Finland: inventory left
Czech Republic: SOLD OUT
Germany: SOLD OUT
Iceland: SOLD OUT
Italy: SOLD OUT
Norway: SOLD OUT
Probably a couple of car carriers would be enough for this Q.
Current M3 inventory situation in Europe according to tesla.com:
Belgium: inventory left
Denmark: inventory left
Spain: inventory left
France: inventory left
UK: inventory left
Ireland: inventory left
Luxembourg: inventory left
The Netherlands: inventory left
Austria: inventory left
Portugal: inventory left
Switzerland: inventory left
Sweden: inventory left
Finland: inventory left
Czech Republic: SOLD OUT
Germany: SOLD OUT
Iceland: SOLD OUT
Italy: SOLD OUT
Norway: SOLD OUT
Probably a couple of car carriers would be enough for this Q.