Investors no longer view Tesla as just an EV company. Robotaxi moved from concept to early reality, but scaling remains the real test. Optimus represents asymmetric upside, not near-term earnings.

Tesla (TSLA) reported its Q4 2025 production and delivery figures Friday morning, revealing sales fell short of street estimates.

Tesla (TSLA) shares hit a new all-time high around $499 earlier this month before pulling back 10% to $454. U.S. deliveries for Q4 are projected at 126,000 vehicles, down over 22% year-over-year.

Tesla’s once relentless growth engine has stalled, with global vehicle sales falling 9 percent in 2025, marking a second consecutive annual decline and a sharp break from its hyper‑growth era. The ...