In the wake of Tesla (NASDAQ: TSLA) reporting weaker-than-expected vehicle deliveries for the fourth quarter of 2025, some on Wall Street are projecting potential downside for the stock in the year ahead.

For the quarter, the Texas-based company delivered 418,227 vehicles, falling short of Wall Street expectations of about 426,000. Production totaled 434,358 vehicles. Following the report, Tesla shares closed 2.59% lower.

Quarterly deliveries declined roughly 16% year over year from 495,570 vehicles, while production fell 5.5% from 459,445 units in the fourth quarter of 2024.

For the full year, Tesla delivered 1.64 million vehicles, down from 1.79 million in 2024, representing an 8.6% annual decline. Total 2025 production…