Tesla (TSLA) falls short of Q4 delivery expectations with a 16% YOY decline, delivering 418,227 units. BYD surpasses Tesla as the top EV seller in 2025, while Rivian also sees a YOY decline. TSLA stock ranges from $214 to $500 in the past year, facing pricing pressures and declining fundamental drivers.

Despite Q4 misses, Tesla sees record energy storage production. Vehicle deliveries are down YOY, impacting earnings. Cost control is emphasized, but maintaining margins is challenging with lower volumes. Full Q4 financial results on Jan. 28 will provide more insight on pricing, autonomy, and capital allocation.

TSLA stock is trading at 251 times earnings and 16.6 times sales, priced for a change in trajectory. Wall Street has a “Hold” consensus rating with a mean target of $395. Bulls focus on long-term potential in autonomy, AI, and energy storage, supporting rich valuations. Market remains split on Tesla’s future outlook.

Read more at Yahoo Finance: Tesla Just Missed Delivery Estimates Again. How Should You Play TSLA Stock in 2026?