Tesla reported 418,227 deliveries in Q4 2025 and 1,636,129 for the year, with 46.7 gigawatt hours of battery storage deployment. Deliveries were down due to the expiration of US electric vehicle tax credit. European deliveries declined. Stock down 2%. Market sentiment around robotaxi business drives valuation. Fair value estimate: USD 300.

Read more at Morningstar: Tesla: Shares Fall on Fourth-Quarter Deliveries Decline