Tesla’s fourth quarter sales fell a lot more than expected

Tesla's sales fell in the fourth quarter of 2025, as rising competition and the expiration of the federal EV tax credit continued to sap the company's global ambitions. The numbers were a lot worse than many Wall Street analysts were expecting.

The disappointing sales report raises the question whether Tesla can reverse its downward fortune and achieve its goals of deploying self-driving cars and humanoid robots, both of which have buoyed the company's valuation for many years.

Tesla...