Tesla, Inc. (NASDAQ: TSLA) faced a Reduce rating from HSBC analyst Michael Tyndall with a $131.00 price target following Q4 delivery results showing 418,000 vehicles delivered, 16% down year-over-year and quarter-over-quarter.

Factors contributing to the shortfall include the end of EV credits in the US and weak volume in Europe and China, with affordable Standard models failing to make up the difference.

Despite delivery challenges, Tesla’s energy storage business saw resilience, deploying 14.2 GWh, exceeding expectations. The company produced 434k, indicating anticipated growth in Q1 2026, but faces skepticism over growth drivers amidst increasing competition and market regionalization.

Read more at Yahoo Finance: HSBC Stays Cautious on Tesla (TSLA) After Lower-Than-Expected Q4 Deliveries