Tesla sold 418k cars in Q4 which is 16% fewer than Q4 last year and a bit lower than the consensus estimate of 422k. This is slightly mitigated by a lot of extra cars sold in Q3 just before the tax incentive went away. They sold 1.79M cars in 2024 and 1.64M in 2025 so a 9% decrease year to year.
Their energy storage business did much better than expected. I don’t think that’s a major percentage of their overall revenue.
Of course it’s largely about margins. We will know that on Jan 28th. The stock is down 1.8% at the moment.
in 2022, about 10 million EVs were sold globally. in 2025 it was closer to 20 million.
tesla meanwhile has seen their sales flatline the last 3 years. sales peaked in 2023 and have been slowly declining. at about 1.6 million a year.
the % of EVs that are tesla keeps going down. in theory, by 2030 the world may be buying 30-40 million EVs a year but tesla will still only be about 1.5 million of those.
BYD officially outsold tesla in 2025, and BYD stock is worth $12 a share with a market cap of 120 billion.
teslas self driving debut in austin was a disaster.
their bipedal robots are controlled by human operators to give the illusion that they are more advanced than they really are.
I think that’s an overstatement but it certainly wasn’t a smooth start. They are doing well enough now. During the big power outage in SF, the Waymos were dead in the water and the Robos still worked.
The FSD is doing very well and is already getting approval in the EU countries. That is a big source of revenue and shouldn’t be ignored.
The robots are objectively ridiculous.
I doubt that Tesla cars will ever be as niche as you suppose. The Y was still the top selling car in 2025. That said, if the next Administration allows Chinese EVs to be sold here, it’s going to be a tough road ahead.