Tesla (TSLA) disclosed on Friday that it delivered 418,227 vehicles in Q4 to fall short of the consensus estimate for a tally of 423K vehicles. The electric vehicle maker said it produced 434,358 vehicles during the quarter. Model 3/Y deliveries for the quarter were 406,585, while other models accounted for 11,642 deliveries. 3% of vehicles were subject to operating lease accounting during the quarter. For the year, Tesla (TSLA) delivered 1,636,129 vehicles.
The Q4 deliveries tally was down 16% from a year ago when Tesla (TSLA) delivered 495,570 vehicles in Q4. The electric vehicle maker saw deliveries ramp up this year ahead of the expiration of the electric vehicle tax credit, with Q1 deliveries of 336,681 vehicles, Q2 deliveries of 384,122 vehicles, and Q3 deliveries of 497,099 vehicles.
Looking further down the road, analysts expect 2026 deliveries of 1.75 million vehicles, 2027 deliveries of 2.01 million vehicles, and 2028 deliveries of 2.35 million. Tesla (TSLA) is seen topping 3 million vehicles for the first time in 2029.
Tesla (TSLA) is scheduled to issue its Q4 earnings report on January 28.
Shares of Tesla (TSLA) were up 11.4% in 2025 to trail the broad market average and the gains of auto peers General Motors (GM), Rivian Automotive (RIVN), Ford (F), and NIO (NIO). Tesla (TSLA) was up 1.9% in premarket trading on Friday.