NEW YORK, Jan 3, 2026, 09:40 ET — Market closed
Tesla shares ended Friday, Jan. 2, down 2.6% at $438.07, after trading between $435.33 and $462.42 on heavy volume.
The move matters because Tesla’s delivery tally is a fast, high-frequency read on demand and pricing power in the electric-vehicle market. Deliveries are the number of vehicles handed over to customers, often used as a proxy for sales.
The backdrop is getting tougher as incentives roll off and rivals push more models into key markets. China’s BYD said it sold 2.26 million battery-electric vehicles in 2025, overtaking Tesla for the year, while Tesla’s full-year EV sales fell more than 8% versus 2024 and the $7,500 U.S. tax credit ended at the end of September, Channel News Asia reported. 1
Tesla said it delivered 418,227 vehicles in the fourth quarter and produced 434,358, with the Model 3 and Model Y accounting for 406,585 deliveries. It deployed a record 14.2 gigawatt-hours (GWh) of energy storage products in the quarter, and said 2025 energy deployments were 46.7 GWh; it plans to report results after market close on Jan. 28. 2
The delivery update does not include revenue or profit, leaving investors to wait for the earnings call for margins, pricing detail and any 2026 outlook.
Some on Wall Street say the stock’s short-term reaction is less about volume and more about Tesla’s longer-term bets. Barclays analyst Dan Levy said there would be “limited focus on 4Q volumes,” Barron’s reported. 3
Even so, the figures highlight how dependent Tesla remains on the Model 3 and Model Y while it tries to broaden profits beyond vehicle sales.
Investors will also be watching for any fresh signals on EV pricing, demand trends in major regions and how quickly Tesla’s energy-storage business translates its deployment growth into financial results.
Before next session: Traders will scan next week’s U.S. data for clues on interest rates, which can swing high-growth stocks. The ISM services index is due Jan. 7, and the U.S. monthly employment report for December is scheduled for Jan. 9, according to published calendars. 4
Friday’s low and high may act as near-term reference points when U.S. trading resumes on Monday, Jan. 5, especially if broader risk sentiment shifts.
The next major catalyst remains Tesla’s Jan. 28 report and guidance, where investors are likely to focus on demand, pricing, margins and the trajectory of the energy-storage segment.
