By Sam Boughedda

Piper Sandler analyst Alex Potter stated Thursday that European wait occasions for Tesla’s (NASDAQ:) Mannequin Y are rising sharply.

The analyst defined that they began monitoring supply wait occasions for Tesla automobiles in Germany, the U.S., and China a number of months in the past, with a earlier rise in German wait occasions put all the way down to a manufacturing unit shutdown in Shanghai (Tesla’s export hub).

Potter stated they seen “one other sudden upward inflection” for German Mannequin Y patrons, who now have to attend roughly 23.5 weeks (or ~5.5 months) earlier than they obtain their automobile, up from 15.5 weeks (3.5 months) just some days in the past.

Nevertheless, they’re much less certain in regards to the purpose this time, pointing to a few potential elements: 1) Tesla’s new manufacturing unit in Berlin is taking longer than anticipated to ramp 2) Mannequin Y orders in Europe have elevated all of a sudden, resulting in an even bigger backlog 3) Exported automobiles (from China) could also be taking longer than anticipated to succeed in Europe.

“Any one in every of these elements, or a mixture of those elements, might clarify the longer wait occasions,” concluded Potter.