Tesla Stock Slips Further Ahead of EV Maker’s Q4 Delivery Report | Global News Avenue

Tesla (Tesla) shares reversed course and edged lower on Tuesday, extending recent losses ahead of a fourth-quarter delivery report.

The company will report fourth-quarter deliveries on Thursday, and analysts polled by Visible Alpha expect deliveries to total a record 512,250 vehicles, although that would not be enough to bring the full-year total to Tesla’s forecast. Tesla said in its third-quarter earnings report that it expected deliveries to be slightly higher than last year’s 1.81 million vehicles “despite continued deterioration in macroeconomic conditions.”

Tesla also faces questions about how the company will fare under a new Trump administration. The incoming president’s promise to slash regulations and provide federal guidelines for self-driving cars will give Tesla’s robotaxi plans a big boost. However, President-elect Trump is also expected to end tax credits for electric vehicle purchases.

Additionally, it’s unclear how much time the CEO will need to spend Elon Musk The company will work on the automaker after being appointed by Trump to co-lead the new Department of Government Effectiveness (DOGE).

Despite falling 10% over the previous three trading days, Tesla shares have largely benefited from the presidential election results, rising by about two-thirds since Election Day.