Tesla Inc (NASDAQ:TSLA) is likely facing a severe inventory pile-up in Europe, underscoring the intense slowdown in the EV industry, according to satellite images available publicly.
What Happened: Google Earth satellite images, first posted on Reddit, show numerous Teslas parked at the Neuhardenberg airfield, probably unsold from the company’s Berlin Gigafactory (its only European plant).
The Neuhardenberg airfield is located in the middle of the German capital region, near the Berlin Brandenburg Airport, with a 2,400-meter-long runway, according to the airport’s official website.
As per the latest satellite images from March, the number of parked Teslas appeared to run in the thousands, and according to the ...