Tesla reports annual vehicle deliveries fall for second-straight year, Q4 results miss forecasts

Tesla (TSLA) connected Friday disclosed 4th fourth conveyance deliveries that missed forecasts portion reporting a second-straight yearly diminution successful deliveries.

In the 4th quarter, Tesla's full conveyance deliveries totaled 418,227, a 15% driblet from the 495,570 vehicles it delivered successful the aforesaid play past year.

The company's 4th fourth transportation full besides fell abbreviated of Wall Street forecasts, which stood astatine conscionable nether 423,000 up of the release. Tesla banal was up astir 1% pursuing the merchandise aboriginal Friday.

For the afloat year, Tesla delivered 1.64 cardinal vehicles, successful enactment with expectations and an 8% driblet compared to 2024. This marked the 2nd consecutive twelvemonth of yearly income declines for the EV maker.

Earlier this week, Tesla published connected its capitalist relations tract Wall Street statement estimates, which it said were 422,850. That fig was good beneath the 445,000 conveyance transportation estimation arsenic compiled by Bloomberg. Tesla banal roseate 2% connected Friday earlier the bell.

Some commentators speculated that Tesla's merchandise of these estimates meant the institution was trying to get up of a mediocre transportation study and cushion the blow.

A 4th fourth transportation driblet is not precisely a surprise, however, fixed the nonaccomplishment of the $7,500 EV taxation recognition astatine the commencement of the quarter. The question was however atrocious the driblet would beryllium successful the US and whether planetary markets could flooded income losses successful the US.

Cox Automotive's Kelley Blue Book estimates Tesla US income fell to 125,900 units successful the quarter, down 22.4%. The institution did not interruption retired US and planetary transportation figures connected Friday.

Though for immoderate Wall Street analysts, the communicative connected Tesla banal is astir acold much than however galore cars it is getting into the hands of customers each quarter.

"Perhaps much importantly though, the communicative astir robotaxi remains beardown contempt the size of the fleet tracking smaller than expected frankincense far," Deutsche Bank expert Edison Yu wrote.

"In precocious October, [CEO] Elon Musk alluded to 1,000 vehicles successful the Bay Area and 500 oregon much successful Austin. Our tracking suggests they are not going to execute these levels. However, Tesla did region the information operator successful Austin this past play for investigating interior validation, suggesting a wider roll-out is coming soon."

Earlier this week, Wedbush expert Dan Ives named Tesla 1 of his apical AI plays for 2026, with the "robotics chapter" for the institution acceptable to begin.

"Heading into 2026 this marks a monster twelvemonth up for Tesla and Musk," Ives wrote.

"We judge the march to an AI driven valuation for TSLA implicit the adjacent 6-9 months has present begun successful our presumption with FSD [full aforesaid driving] and autonomous penetration of Tesla's installed basal and the acceleration of Cybercab successful the US representing the aureate goose for Musk & Co."