Important points
Tesla (TSLA) stock reversed course on Tuesday, falling slightly, continuing its recent decline ahead of its fourth-quarter deliveries report.
The company is scheduled to announce fourth-quarter deliveries on Thursday, with analysts surveyed by Visible Alpha predicting a record 512,250 deliveries, but Tesla This will probably not be enough to exceed expectations. Tesla said in its third-quarter earnings report that it expects deliveries to be slightly higher than last year’s 1.81 million vehicles “despite continuing macroeconomic conditions.”
Tesla also faces questions about how the company will fare under the new Trump administration. The president-elect has promised to loosen regulations and provide federal guidelines for self-driving cars, which could be a big boost for Tesla’s robotaxi plans. However, President-elect Trump is also expected to abolish tax credits for EV purchases.
Additionally, it’s unclear how much time CEO Elon Musk will devote to the automaker after being named co-head of the new Department of Government Efficiency (DOGE) by President Trump.
Despite losing 10% of its value over the past three trading sessions, Tesla stock benefited greatly from the outcome of the presidential election, gaining about two-thirds of its value since Election Day.
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