Tesla Q4 deliveries 495,570 vs 506,763 expected

• Deliveries vs 506,763 expected (though some surveys were near 512K)
• Production 459,445 vs 460,705 expected
• Model 3/Y deliveries at 471,930
• Other models (mostly Cybertruck) 23,640
• Press release

Shares of Tesla were trading at $409.60 in the premarket before the release and are quickly down to $387.

The miss looks like it was mostly on the Cybertruck.

In order to avoid an annual sales decline, Tesla needed to deliver 514,925 cars. It fell well-short of that so the headline will be ‘Tesla suffers its first-ever annual sales decline’.

This article was written by Adam Button at www.forexlive.com.