Tesla blames battery supply for flat sales, but its prices keep falling

Tesla says battery supply, not demand, is what’s holding back its car sales. In its Q3 2026 shareholder letter, the automaker wrote that “battery availability continued to be the limiting factor in increasing auto volumes in the quarter.” It also claims it ended Q3 with “the largest backlog for our passenger vehicles in four years.” But the numbers in the same letter don’t line up with a company that has more buyers than cars. more…