Tesla’s stock closed lower for the fourth consecutive session on December 29, following a run to a fresh all-time high just days earlier. Since peaking before Christmas, shares have retreated nearly 8%, marking a sharp reversal that underscores growing investor caution. This pullback comes as the broader technology sector faced pressure late in the year, and it highlights the challenges Tesla faces in sustaining momentum after a hard-fought rally.

In its company-compiled consensus posted on the investor relations page, Tesla signaled that fourth-quarter 2025 vehicle deliveries are likely to undershoot many Wall Street projections. Analysts had expected deliveries in excess of 500,000 units, but Tesla’s internal median forecast suggests a figure closer to 480,000. This would represent a sequential decline from the third quarter and falls short of the 2024 fourth-quarter total of approximately 490,000, raising questions about near-term growth as year-end demand appears to have softened.

Tesla’s Full Self-Driving (FSD) network has now logged nearly 7 billion real-world driving miles, with 2.5 billion of those miles accumulated on urban streets. This massive dataset continues to be cited by management as a key driver of autonomous progress and a differentiator versus competitors. The rate of urban-street data collection has accelerated over the past six months, supporting more frequent over-the-air software updates and incremental safety improvements validated by regulatory bodies.