Tesla stock: What to watch after Q4 deliveries miss and BYD takes the EV crown
NEW YORK, Jan 4, 2026, 4:16 PM ET — Market closed Tesla shares closed at $438.07 on Friday, down 2.6%, after the electric-vehicle maker reported a bigger-than-expected drop in fourth-quarter deliveries, a filing showed. The update also underscored that Tesla has ceded the annual EV sales lead to China’s BYD. SEC The delivery report matters now because it is the market’s first clear checkpoint for Tesla demand after U.S. federal EV tax credits ended in September, removing a key lever that had helped pull forward orders earlier in 2025. It also lands as investors reset positioning for the new year