Tesla reported a 15% drop in fourth-quarter vehicle deliveries, with a total of 418,227 vehicles, missing Wall Street forecasts. Full-year deliveries totaled 1.64 million, an 8% decline from 2024, marking the second consecutive year of annual sales declines for the EV maker.

Analysts speculate Tesla released lower delivery estimates to soften the blow of poor results. The loss of the $7,500 EV tax credit in Q4 was expected to impact US sales, with commentators questioning if international markets could offset the decline.

Despite delivery challenges, Tesla’s stock rose following the release. Wall Street analysts see potential in the company’s robotaxi narrative, with expectations for a wider rollout soon and the potential for AI-driven valuation growth in 2026.

Read more at Yahoo Finance: Tesla reports annual vehicle deliveries fell for second straight year, Q4 results miss forecasts