On Friday, Tesla is expected to report that it delivered around 440,900 vehicles in the fourth quarter, down 11 per cent from a year earlier, according to data compiled by agencies.Tesla ended last year on a roll, with investors increasingly buying into Elon Musk’s ebullience about autonomous vehicles. Winning over actual car buyers was another story.
Shares in the world’s most valuable auto company soared in the second half, largely on the basis of its chief executive officer touting advances in artificial intelligence and robotics. But the progress Musk trumpeted didn’t translate to success in showrooms—the company likely sold fewer vehicles in the last six months than a year earlier, despite record deliveries in the third quarter.
On Friday, Tesla is expected to report that it delivered around 440,900 vehicles in the fourth quarter, down 11 per cent from a year earlier, according to data compiled by agencies. Tesla took the unusual step this week of publishing its own average of analyst estimates that was even more pessimistic, calling for a 15 per cent decline.
