Tesla Vehicle Delivery Trends Are Concerning, and Shares May Be Overvalued

Given the stock's sky-high valuation, the electric car maker's sales should be soaring. But they're not.Tesla (TSLA 0.15%) stock is off to a stumbling start in 2025. At the time of this writing, shares are down nearly 2% year to date. The pullback is due to the company's latest vehicle delivery numbers spooking some investors. The automaker said it delivered nearly 496,000 vehicles in the fourth quarter, up only 2% year over year. Even worse, the quarterly delivery figure put total deliveries for the year a ...