William Blair analyst Jed Dorsheimer notes that in the fourth quarter, Tesla (TSLA) delivered 418,277 vehicles, a 16% drop from last quarter’s record, but roughly in line with consensus and above the firm’s estimate. In Blair’s opinion, this hangover from the tax credit sunset was expected and will have little influence on the stock, which is valued almost entirely on the transformation to real-world AI with robotaxi and Optimus. The firm has a Market Perform on the stock.
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