Tesla Reports 16% Decline In Q4 Deliveries At 418,227, Misses Wall Street Estimates

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 up more than 1% in Friday’s pre-market trade. Retail sentiment on Stocktwits around the company trended in the ‘bullish’ territory at the time of writing.

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