Tesla misses Q4 delivery estimates, shares rise

Investing.com -- Tesla (NASDAQ: TSLA) shares opened higher despite the electric vehicle giant missing consensus forecasts for fourth-quarter deliveries.

According to figures released on Friday, the company delivered 418,227 vehicles versus the company-compiled consensus estimate of 422,850 and the Bloomberg consensus estimate of 440,907.

Tesla produced 434,358 vehicles during the quarter, down 5.5% year-on-year and below the 470,780 Bloomberg consensus estimate.

Deliveries were down 16% from the same period a year earlier.

Model 3 and Model Y deliveries totaled 406,585. This represents a 14% year-over-year decrease, missing the Bloomberg consensus estimate of 421,796 units.

Production of those models totaled 422,652, down 3.2% from last year.

Earlier on Friday, data from automotive industry organizations showed that Tesla registrations in Portugal, France, Sweden, and Spain had declined but they rose strongly in Norway.

Following the report, Wedbush analyst Dan Ives said in a note that the Q4 deliveries were "better than whisper numbers" and "all eyes are on AI into 2026."

"This will be viewed as better than feared deliveries and a step in the right direction for the Tesla story heading into 2026," wrote Ives. However, he also noted that "Europe remains a continuous headwind."

Taking a positive view on the company’s outlook, the analyst believes "Tesla will own ~70% of the global autonomous market over the next decade as no other company in the world can match the scale and scope of Tesla coupled with its broadening AI footprint."

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