"Analysts anticipated weak fourth-quarter vehicle deliveries from Tesla ( NASDAQ:TSLA ), with estimates indicating a 15% decline as consumer demand dried up due to the expiration of federal electric vehicle (EV) tax credits. Having pulled sales forward into the company's third quarter, which saw record deliveries, even CEO Elon Musk admitted Tesla was facing a few difficult quarters. The EV maker just reported the Q4 numbers this morning, and they were worse than what Wall Street thought as deliveries fell16% year over year. It marks the second consecutive year of falling sales."
"U.S. EV sales slowed sharply in 2025 after the $7,500 federal tax credit expired on Sept. 30. Tesla compiled Wall Street's consensus estimates on its site last month showing analysts expected it to deliver 422,850 EVs in Q4, though some, like FactSet, were higher at 440,260 deliveries. The actual number, however, came in at 418,227, down from 490,570 in Q4 2024. Full-year deliveries totaled 1,636,129, an 8.5% decline from 2024."
Tesla's fourth-quarter deliveries dropped 16% year over year to 418,227 vehicles, below Wall Street estimates and down from 490,570 in Q4 2024. Full-year deliveries totaled 1,636,129, an 8.5% decline from 2024. The $7,500 federal EV tax credit expired on Sept. 30, driving a September spike in sales followed by a sharp October plunge that reduced EV market share from 11.6% to 5.9%. Smaller EV makers face heightened risk from production swings, tariffs, and rapid cash burn. Chinese rival BYD surpassed Tesla as the largest battery EV company globally.
Read at 24/7 Wall St.
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