Tesla’s Q4 production, delivery numbers a ‘modest negative,’ says Stifel

Tesla’s (TSLA) production and delivery numbers for Q4 are a “modest negative” for the shares, Stifel tells investors in a research note. Total deliveries of 495,570 trailed the firm’s estimate, while implied 2024 deliveries were about 1.1% below 2023, the firm says. Stifel made no change to its Buy rating, and is awaiting details in the January 29 earnings release on Auto margins, which will shed some light on pricing and discounts.