Tigress Financial Partners CIO On 153% Increase In Tesla Registrations For October: Capacity Constraints Limited Sales Earlier In The Year

Tigress Financial Partners Chief Investment Officer Ivan Feinseth told Benzinga that one possible reason for a 153 percent year over year increase for Tesla Motors Inc TSLA registrations in October could be capacity constraints.

Before October, registrations for Tesla vehicles were down 22 percent year over year. He said the issue has to do with availability. Production year over year has increased, according to Feinseth.

But there’s still a backlog, he explained, and consumers have to wait three or four months.

“At some point, the backlog for production may go down, but now there are tons of orders to fill,” he said.

Feinseth also pointed out that oil prices do not affect Tesla sales, saying that consumers purchasing Tesla vehicles are not concerned with gas price