Tesla stock faces a Monday test after delivery miss hands EV crown to BYD
Tesla delivered 418,227 vehicles in the fourth quarter, down 15.6% from a year earlier and missing analyst estimates. Shares fell 2.6% to $438.07 after the report. Tesla lost its annual EV sales lead to China’s BYD and faces investor scrutiny ahead of its Jan. 28 earnings. U.S. EV sales dropped as higher prices followed the end of a federal tax credit.