Tesla shares climb despite 16% drop in Q4 deliveries

Key Takeaways

Tesla delivered more than 418,000 vehicles in the fourth quarter of 2025, down about 16% from the same period a year earlier.
Despite the drop, Tesla shares moved slightly higher in early trading on Friday.

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Tesla shares rose about 1% early Friday after the automaker released fourth-quarter 2025 production and delivery results that came in below year-ago levels.

The company reported 418,227 deliveries and 434,358 vehicles produced during the quarter, down about 16% year-over-year, while production fell 5.5%. For the full year, deliveries totaled 1.6 million, down 8.6% from 2024.

Tesla also reported 14.2 GWh of energy storage deployments in the quarter, following a record 12.5 GWh in the third quarter.

Deliveries provide insight into Tesla’s customer demand and revenue trends. Quarterly fluctuations can be driven by soft demand, logistical challenges, timing factors, or quarter-end push strategies.

Lower deliveries may signal margin pressure or slower revenue growth. Tesla is scheduled to report its Q4 2025 results after the market closes on January 28.