Tesla previewed its Q4 deliveries, estimating 422,850 units globally, a 15% drop from last year. Stock remained stable. Analysts speculate Tesla released estimates to soften the blow of potentially poor delivery reports. US sales dropped 22.4% in Q4, contributing to a second consecutive year of sales decline totaling 1,640,752 units.

Deutsche Bank believes Wall Street’s 1.6 million unit estimate is too optimistic. Despite sales declines, Tesla stock has gained 14% this year with a forward P/E over 200. Analysts argue fundamentals are less important for Tesla, focusing on mobility, robotics, and AI. Analysts remain bullish on Tesla’s robotaxi prospects, despite fleet size discrepancies. CEO Elon Musk hinted at wider robotaxi roll-out soon.

Read more at Yahoo Finance: Tesla previews a drop in its upcoming Q4 deliveries in unusual move