Porady

January 2, 2026, 6:28 PM EST. Tesla's Q4 2025 production reached 434,358 and deliveries 418,227, with full-year production of 1,654,667 and deliveries of 1,636,129. Wedbush's Dan Ives called the results 'better than feared' and 'a step in the right direction,' noting a slight miss versus the consensus of about 1.64 million annual deliveries. Energy deployments totaled 46.7 GWh. While facing tax-credit headwinds in the U.S. and Europe, Ives argues the print positions Tesla for a stronger 2026 as it pivots to AI, Robotaxi, and Cybercab, along with continued energy growth. He sees an AI-driven valuation path and even a potential multi-trillion market cap as volume prod starts. Cybercab testing in Austin marks a milestone toward 2026 production.