Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk urged customers wanting to get their hands on the outgoing Model S and Model X vehicles to place their orders, citing limited inventory.
Inventory Nearly Over
Musk, in a post on the social media platform X on Wednesday, shared that there were only a “few hundred Tesla Model S & X cars left in inventory.” Musk also urged people to order them now before the inventory runs out. On the official Tesla website, you can see that there are fewer than 5 Model S units available near Austin, Texas, while a single Model X vehicle remains in the same area.
JerryRigEverything Weighs In
Quoting Musk’s post on X, YouTuber Zack Nelson, aka JerryRigEverything, shared a sarcastic jibe at Musk. “Tesla going out of business sale,” he said.
Tesla sunset the Model S and X earlier this year as Musk shared a pivot towards artificial intelligence and robotics. The Fremont, California, facility that used to manufacture the automaker’s premium offerings would now shift to manufacturing the Optimus humanoid robot, Musk said during the company’s Q4 2025 earnings call.
Tesla also recently ended the production of the Model S and X, with Musk calling the event the end of an era in the automaker’s history. Tesla had introduced the Model S in 2012 and the Model X in 2015.
Tesla’s New Model Buzz
The comments follow buzz surrounding a possible new model for Tesla in the making, with Musk recently teasing a possible 7-seater layout for the upcoming vehicle after a frame was spotted uncovered at Tesla’s Gigafactory in Texas. The new model’s frame bears some resemblance to the Model Y from the front.
A new model in the Tesla lineup could give customers more choice and increase footfall in showrooms as the automaker’s aging lineup of vehicles, comprising the Model Y, Model 3 and the Cybertruck, could deter customers and limit the total addressable market (TAM).
Tesla Deliveries
Meanwhile, Morgan Stanley analyst Andrew Percoco predicted that the automaker would deliver over 1.6 million units this year. However, Q1 2026 delivery figures showed that Tesla sales fell short of market expectations. The EV giant delivered over 358,000 vehicles worldwide and produced over 408,000 units in Q1 2026. Interestingly, the gap between sales and production illustrated a surplus of more than 50,000 Tesla vehicles sitting unsold in the company’s lots, a new record.
According to Benzinga Edge Rankings, Tesla offers satisfactory Momentum and Growth, but fails to provide a favorable price trend in the Short, Medium and Long term.
Price Action: TSLA fell 0.98.% to $343.25 at Market close on Wednesday, falling 0.61% further to $341.17 during overnight trading.
Check out more of Benzinga’s Future Of Mobility coverage by following this link.
Photo courtesy: Shutterstock
Recent Comments