Tesla's Q4 deliveries were below expectations, causing the stock to drop 7%

From Investing.com: 2025-01-02 12:59:13

Tesla Inc reported record vehicle deliveries in Q4 but fell short of consensus estimates. Shares dropped over 7% in response. Deliveries totaled 495,570 vehicles, below the expected 512,277. Model 3 and Model Y accounted for the majority of deliveries. Annual EV sales declined for the first time in over a decade. Energy storage deployments reached 31.4 GWh for the year.

Wedbush sees Tesla’s Q4 delivery numbers as respectable but below expectations. The firm remains confident in Tesla’s ability to accelerate delivery growth in FY25. They believe Tesla’s AI valuation is unlocking and predict a march towards a $2 trillion valuation in the next 12 to 18 months. FSD penetration could change Tesla’s financial model.



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