¡Todos los vehículos en stock han sido retirados! Detrás del "agotamiento" del Tesla Model Y está...

Tesla China official website recently made a subtle adjustment, attracting market attention.

The Tesla China official website shows that all models of Model Y are now fully removed from stock, and the original “Immediate Pickup” entry has been officially replaced with a “Pre-order” channel, currently only accepting new car pre-orders with an estimated delivery period of 1–3 weeks. Meanwhile, the Model 3 still retains the in-stock purchase channel.

According to information from Tesla China’s official website, the removal of Model Y stock occurred only two weeks after its concentrated listing. Half a month ago, Tesla simultaneously released a large number of in-stock resources for Model 3 and Model Y.

Based on Tesla’s past sales patterns, once Model Y stock is listed, it usually sells out in about two weeks. The recent removal confirms that inventory resources have been fully absorbed. However, Tesla has not made an explicit statement, and the possibility of previously canceled orders being relisted cannot be ruled out.

At the same time as the stock removal, Tesla officially announced that Model Y has consecutively ranked as the best-selling passenger car worldwide for three years (2023–2025), regardless of energy type.

However, under the halo of the championship, Tesla’s sales decline trend has already become apparent. Looking at specific sales data, in 2023, Model Y’s global sales reached 1.223 million units, topping the global passenger car sales chart for the first time; in 2024, sales slightly decreased to 1.185 million units but still maintained the top position; in 2025, sales further declined to 1.15 million units.

The strong performance of a single model could not mask the overall delivery pressure faced by Tesla. According to Tesla’s 2025 financial report, the company delivered a total of 1.636 million vehicles worldwide, a year-on-year decrease of 8.6%. This is the first time Tesla has experienced a decline in annual sales since its founding. In the global new energy vehicle brand sales ranking, Tesla ranks second with 1.636 million units, only behind BYD. The position of the “number one” in the global new energy market has shifted.

The decline in sales directly impacts Tesla’s financial performance. Tesla’s financial report disclosed that in 2025, the full-year revenue was $94.827 billion, down 3% year-on-year, marking the company’s first annual revenue decline; GAAP net profit was about $3.8 billion, down approximately 46% year-on-year.

Regionally, China, Tesla’s largest overseas market, saw retail sales of 626,000 units in 2025, a decrease of 4.8% year-on-year; the US market was affected by the cancellation of federal tax credit policies, with sales of 577,000 units, down 8.9% year-on-year; Europe faced fierce competition from local brands, with sales only 235,000 units, a decrease of 27.8% year-on-year.

In response to the decline in sales in China in 2025, Tesla’s Vice President Tao Lin previously stated that this was mainly due to phased capacity constraints caused by product iteration.

She explained that in 2025, Tesla launched a new version of Model Y globally, starting from China, followed by adjustments in almost all global factories’ production lines. “Without inventory, capacity directly determines sales. In the Chinese market, there were two production line switches for the new Model Y and Model Y L, which required stopping some capacity, leading to reductions in output and sales.”

This explanation indirectly confirms Tesla’s cautious attitude toward inventory management. The current full removal of Model Y stock, besides the direct reason of stock depletion, also suggests that Tesla may be preparing for future capacity adjustments.

Faced with global sales pressure, Tesla China accelerated its product launch rhythm last year. On January 10, 2025, Tesla launched the new version of Model Y, and in August of the same year, it launched the long-range rear-wheel-drive Model 3 and the six-seat Model Y L.

Meanwhile, Elon Musk, Tesla’s CEO, has shifted his strategic focus—automotive business is gradually losing its core resource tilt, replaced by a strong focus on AI (artificial intelligence) development.

During Tesla’s Q3 2025 earnings call, Musk candidly stated: “The company is at a ‘critical inflection point in bringing AI into the real world,’ and the future strategic core is ‘real-world AI,’ not just electric vehicle manufacturing.”

Sun Wanqiu / Photo