Tesla (TSLA) delivered 418,227 vehicles in Q4, slightly above the firm’s forecast but roughly 1% below consensus, with sequential and 15.6% year over year declines reflecting the lapse of the U.S. EV tax credit, Stifel tells investors in a research note. The firm, which has a Buy rating and $508 price target on the stock, says the results appear roughly neutral for the stock ahead of margin details at the Q4 earnings release on January 26. Meanwhile, Stifel notes that Rivian’s (RIVN) Q4 deliveries were largely in line with expectations.
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