Tesla (NASDAQ:TSLA) is expected to report its second consecutive annual decline in vehicle deliveries this Friday, as the loss of critical U.S. tax credits and a surge in global competition outweigh the recent launch of its most affordable models.
Analysts polled by Visible Alpha expect the electric vehicle pioneer to deliver approximately 432,810 vehicles in the fourth quarter, a 13% drop from the same period last year.
A more conservative company-compiled consensus of 20 analysts, released by Tesla on Monday, suggests a steeper 15% decline to 422,850 units.
For the full year, total deliveries are projected to settle around 1.65 million vehicles, marking an 8.3% retreat from 2024's total of 1.79 million.
The anticipated downturn follows a volatile year for the Austin-based automaker.
While sales saw a temporary bump in the third quarter as buyers rushed to claim federal tax credits before they expired in September, demand in the final months of the year has cooled significantly in North America and Europe.
To combat the slump, Tesla launched "Standard" versions of its best-selling Model Y and Model 3 in October.