Tesla shares climbed more than 4% on Monday as investors shifted focus from softer-than-expected vehicle delivery figures to the company’s best-ever quarterly energy storage rollouts. In the fourth quarter, Tesla deployed over 3.5 gigawatt-hours of Megapack and Powerwall systems, up 28% year-over-year, supporting a more balanced revenue mix. Leadership highlighted that stationary storage revenues now represent nearly 15% of total sales, compared with 10% a year earlier, underscoring the growing contribution of non-automotive operations to profitability.

For the full year 2025, Tesla delivered approximately 1.45 million vehicles, marking a 3% decline from the prior year and the first back-to-back annual reduction in the company’s history. Executives attributed the slide to reduced government incentives in key markets and intensifying competition from legacy automakers and emerging Chinese entrants. Despite supply-chain improvements and the ramp-up of the new Gigafactory in Mexico, the company cautioned that deliveries in the first half of 2026 may remain pressured before seasonal adjustments and new product introductions take effect.

Major investment firms increased their holdings in Tesla during the third quarter, with one institutional investor boosting its stake by 105% to over 200 shares, while another added 50 shares, reflecting continued confidence from long-term allocators. Meanwhile, insider transactions included a sale of 56,820 shares by a company director—reducing their position by nearly 4%—and a nearly 16% trim by the chief financial officer through the disposition of 2,637 shares. Together, these moves left insiders with close to 20% of total outstanding shares, indicating a balanced approach to liquidity management without signaling a loss of conviction.