The EV giant reported 495,570 deliveries during the same period a year ago.
- According to a company-compiled estimate of Wall Street analysts, Tesla was expected to deliver 422,850 vehicles in Q4.
- Chinese automaker BYD reported sales of 2.26 million pure EVs in 2025, eclipsing Tesla’s 2025 deliveries of 1.64 million EVs.
- Tesla registrations in multiple key European markets also continued to plummet in December.
Tesla Inc. (TSLA) reported 418,227 deliveries in the fourth quarter and deployed 14.2 GWh of energy storage products during this period.
This represents a 16% year-on-year decline in Tesla’s deliveries in the fourth quarter (Q4) – the company reported 495,570 deliveries during the same period a year ago.
According to a company-compiled estimate of Wall Street analysts, Tesla was expected to deliver 422,850 vehicles during the quarter.
Tesla shares were down nearly 0.2% in Friday’s opening trade, losing all of the gains from the pre-market session. Retail sentiment on Stocktwits around the company trended in the ‘bearish’ territory at the time of writing.
BYD Eclipses Tesla
Chinese automaker BYD eclipsed Tesla to claim the crown of the world’s biggest EV maker in 2025.
BYD sold 2.26 million pure EVs globally in 2025, while Tesla ended the year with 1.64 million deliveries.
Here’s how Tesla and BYD stack up:
| Company | 2025 volume | 2024 volume | Change (Absolute) | Change (%) |
| Tesla | 1,636,129 | 1,789,226 | -153,097 | -8.6% |
| BYD | 2,256,714 | 1,764,992 | 4,91,722 | 27.9% |
Analysts Divided
Dan Ives, Wedbush’s Global Head of Tech Research, chose to look at the positive side following Tesla’s Q4 delivery update.
“Tesla announced its FY4Q delivery numbers this morning coming in at 418.2k vehicles slightly below the company’s consensus delivery estimate of 422.9k but much better than the whisper numbers of ~410k. Street will view this as demand stabilizing. All focus is autonomous,” he said in a post on X.
However, not everyone is sold on the optimism surrounding Tesla. Gary Black, Managing Partner at The Future Fund, stated in a post on X that he does not get why many investors view Tesla’s Q4 deliveries report as bullish.
“$TSLA missed reduced 4Q expectations, and now FY’2026 numbers have to come down. EVs still make up 77% of TSLA operating profits,” he added.
Mounting Struggles In Europe
Tesla registrations in multiple key European markets continued to plummet in December.
The company’s registrations declined 66% year-on-year in France to 1,942 vehicles, and 71% YoY in Sweden to 821 vehicles during the month.
On the flipside, the company emerged as Norway’s top-selling carmaker for the fifth year in a row, with registrations soaring 89% YoY in December to 5,679 vehicles. Tesla ended 2025 with a market share of 19.1% in Norway, selling 27,621 cars.
TSLA stock is up 19% over the past 12 months.
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