Tesla (TSLA 1.85%) delivered 422,875 vehicles in the first quarter of 2022, but is that good or bad? It depends on how you look at it, but there's another key number that Travis Hoium digs into in this video, and that's inventory. There's a much more concerning picture emerging there. 

Stock prices used were end-of-day prices of April 2, 2023. The video was published on April 3, 2023.