Is Tesla Stock Worth Buying Ahead of January 28 Earnings?

The numbers tell a concerning story. Tesla delivered 418,227 vehicles in the fourth quarter of 2025. Wall Street expected 422,850.

For the full year, Tesla shipped 1,636,129 vehicles against expectations of 1,640,752. These misses matter because vehicle sales remain Teslas primary revenue and profit source.

The stocks 2025 performance reflected these struggles. Tesla shares gained just 11.4% last year. The S&P 500 climbed 16.4% and the Nasdaq Composite rose 20.4% during the same period.

Tesla registered only 227 vehicles in India throughout 2025. This weak showing in a major growth market adds to concerns about the companys expansion efforts.

The Robotaxi Reality Check

CEO Elon Musk promised Teslas robotaxi service would serve half the U.S. population by the end of 2025. That deadline passed without the service materializing.

The robotaxi program highlights a growing gap between Musks promises and actual results. Years of development have produced little commercial progress in autonomous ride-hailing.

Tesla even lost its trademark for “Cybercab,” the planned name for its autonomous taxi. A French beverage company filed for the trademark first in 2024 while Tesla was late with its paperwork.

The humanoid “Optimus” robot faces similar delays. Despite hints of imminent production, the android remains years away from commercial availability.

Subscription Strategy Shift

Tesla announced a major change to its full self-driving offering. The $9,000 one-time purchase option ends February 14, 2026.

The company will shift to a subscription model priced at $99 per month. This move could boost recurring revenue if the technology achieves mass adoption.

Wall Street analysts have downgraded their outlook on Tesla stock. The average rating now sits at “Hold” with a 12-month price target of $394.12, representing a 10.26% decline from recent trading levels.

Tesla stock trades at a premium compared to traditional automakers. The companys price-to-sales and price-to-earnings ratios reflect expectations of a high-margin tech business rather than a capital-intensive manufacturer.

Vehicle market share continues to shrink as competitors launch new electric models. This erosion threatens Teslas once-dominant position in the EV market.

The stock closed at $439.20 on January 14, sitting 104.99% above its 52-week low of $214.25. Despite recent challenges, shares rallied 41% over the previous six months.

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