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

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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>Pras Subramanian · Senior ReporterFri, January 2, 2026 at 3:24 PM GMT+1 3 min readTesla (TSLA) on Friday disclosed fourth quarter vehicle deliveries that missed forecasts while reporting a second-straight annual decline in deliveries.In the fourth quarter, Tesla's total vehicle delivers totaled 418,227, a 15% drop from the 495,570 vehicles it delivered in the same period last year.The company's fourth quarter delivery total also fell short of Wall Street forecasts, which stood at just under 423,000 ahead of the release. Tesla stock was up about 1% following the release early Friday.For the full year, Tesla delivered 1.64 million vehicles, in-line with expectations and an 8% drop compared to 2024. This marked the second-straight year of annual sales declines for the EV maker.Earlier this week, Tesla published on its investor relations site compiled Wall Street consensus estimates, which it said were 422,850. That figure was well below the 445,000 vehicle delivery estimate as compiled by Bloomberg. Tesla stock rose 2% on Friday before the bell.Some commentators speculated that Tesla's release of these estimates meant the company was trying to get ahead of a poor delivery report and cushion the blow.A fourth quarter delivery drop is not exactly a surprise, however, given the loss of the $7,500 EV tax credit at the start of the quarter. The question was how bad the drop would be in the US and whether international markets could overcome sales losses in the US.Cox Automotive's Kelley Blue Book estimates Tesla US sales fell to 125,900 units in the quarter, down 22.4%. The company did not break out US and international delivery figures on Friday.A Tesla Robotaxi drives along South Congress Avenue in Austin, Texas, on June 22, 2025. (Reuters/Joel Angel Juarez) · REUTERS / ReutersThough for some Wall Street analysts, the story on Tesla stock is about far more than how many cars it is getting into the hands of customers each quarter."Perhaps more importantly though, the narrative around robotaxi remains strong despite the size of the fleet tracking smaller than expected thus far," Deutsche Bank anaylst Edison Yu wrote."In late October, [CEO] Elon Musk alluded to 1,000 vehicles in the Bay Area and 500 or more in Austin. Our tracking suggests they are not going to achieve these levels. However, Tesla did remove the safety driver in Austin this past weekend for testing internal validation, suggesting a wider roll-out is coming soon."Earlier this week, Wedbush analyst Dan Ives named Tesla one of his top AI plays for 2026, with the "robotics chapter" for the company set to begin."Heading into 2026 this marks a monster year ahead for Tesla and Musk," Ives wrote."We believe the march to an AI driven valuation for TSLA over the next 6-9 months has now begun in our view with FSD [full self driving] and autonomous penetration of Tesla's installed base and the acceleration of Cybercab in the US representing the golden goose for Musk & Co."Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,874.20 +28.70 (+0.42%)Dow 3048,051.35 -11.94 (-0.02%)Nasdaq23,453.16 +211.17 (+0.91%)Russell 20002,481.91 -18.68 (-0.75%)VIX14.75 -0.20 (-1.34%)Gold4,383.10 +42.00 (+0.97%)Trending tickersNVDA NVIDIA Corporation 190.74 +4.24 (+2.27%)TSLA Tesla, Inc. 454.96 +5.23 (+1.16%)BIDU Baidu, Inc. 144.64 +13.98 (+10.70%)NQ=F Nasdaq 100 Mar 26 25,672.25 +215.50 (+0.85%)ES=F E-Mini S&P 500 Mar 26 6,925.25 +32.75 (+0.48%)PortfolioSign in to access your portfolioSign inTop gainersAXSM Axsome Therapeutics, Inc. 182.64 +33.85 (+22.75%)PSNY Polestar Automotive Holding UK PLC 21.37 +1.88 (+9.65%)ONDS Ondas Holdings Inc. 9.76 +0.77 (+8.57%)DJT Trump Media & Technology Group Corp. 13.24 +0.67 (+5.33%)PBF PBF Energy Inc. 27.12 +1.08 (+4.15%)Top losersCORT Corcept Therapeutics Incorporated 34.80 -35.40 (-50.42%)QXO QXO, Inc. 19.29 -1.75 (-8.32%)RGC Regencell Bioscience Holdings Limited 21.00 -1.90 (-8.30%)NIO NIO Inc. 5.10 -0.40 (-7.27%)PSLV Sprott Physical Silver Trust 23.65 -1.57 (-6.23%)Most activeONDS Ondas Holdings Inc. 9.76 +0.77 (+8.57%)NVDA NVIDIA Corporation 186.50 -1.04 (-0.55%)PLUG Plug Power Inc. 1.9700 +0.0350 (+1.81%)NIO NIO Inc. 5.10 -0.40 (-7.27%)TSLA Tesla, Inc. 449.72 -4.52 (-1.00%)Top economic eventsEarnings eventsMy earnings eventsEarnings events