"Tesla Inc. ended last year on a roll, with investors increasingly buying into Elon Musk's ebullience about autonomous vehicles. Winning over actual car buyers was another story. Shares in the world's most valuable auto company soared in the second half, largely on the basis of its chief executive officer touting advances in artificial intelligence and robotics. But the progress Musk trumpeted didn't translate to success in showrooms the company likely sold fewer vehicles in the last six months than a year earlier,"
"On Friday, Tesla is expected to report that it delivered around 440,900 vehicles in the fourth quarter, down 11% from a year earlier, according to data compiled by Bloomberg. Tesla took the unusual step this week of publishing its own average of analyst estimates that was even more pessimistic, calling for a 15% decline. Wall Street has grown similarly gloomy about the outlook for 2026."
Investors bid up Tesla shares on optimism about artificial intelligence, autonomous vehicles and robotics. Vehicle sales weakened, with likely fewer vehicles sold in the last six months than a year earlier despite record third-quarter deliveries. Tesla is expected to have delivered about 440,900 vehicles in the fourth quarter, down 11% from a year earlier. The company published its own average of analyst estimates projecting a 15% decline, while Wall Street forecasts for 2026 have grown gloomier. Consensus forecasts for 2026 deliveries have fallen from over 3 million two years ago to roughly 1.8 million. Investors remain focused on long-term prospects, but rising near-term headwinds could pressure financial results.
Read at www.mercurynews.com
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