Here's What Key Metrics Tell Us About Tesla (TSLA) Q4 Earnings

Core Insights - Tesla reported revenue of $24.9 billion for the quarter ended December 2025, a decrease of 3.1% year-over-year, with EPS at $0.50 compared to $0.73 in the same quarter last year, indicating a revenue surprise of -0.94% against the Zacks Consensus Estimate of $25.14 billion and an EPS surprise of +8.7% over the consensus estimate of $0.46 [1] Financial Performance - Total vehicle deliveries were 418,227, below the average estimate of 439,293 [4] - Model 3/Y deliveries reached 406,585, compared to the average estimate of 413,581 [4] - Other model deliveries totaled 11,642, against the average estimate of 12,202 [4] - Total leased units were 10,996, significantly lower than the estimated 16,510 [4] - Energy generation and storage revenues were $3.84 billion, exceeding the estimate of $3.66 billion, representing a year-over-year increase of +25.4% [4] - Services and other revenues were $3.37 billion, slightly below the estimate of $3.48 billion, with an 18.4% year-over-year increase [4] - Automotive sales revenues were $16.75 billion, below the estimate of $17.97 billion, reflecting a year-over-year decline of -10.2% [4] - Automotive regulatory credits generated $542 million, surpassing the estimate of $397.59 million, but showing a year-over-year decrease of -21.7% [4] - Total automotive revenue was $17.69 billion, slightly above the estimate of $17.6 billion, but down -10.6% year-over-year [4] - Automotive leasing revenues were $401 million, exceeding the estimate of $386.73 million, with a year-over-year decline of -10.3% [4] - Total automotive gross profit was $3.61 billion, significantly higher than the average estimate of $2.93 billion [4] Stock Performance - Tesla's shares have returned -5.2% over the past month, contrasting with the Zacks S&P 500 composite's +0.8% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]