TSLA - STIFEL: TSLA AND RIVN Q4 DELIVERIES IN LINE Stifel said Tesla delivered 418,227 vehicles in Q4 2025, slightly above its forecast but about 1% below consensus. Deliveries declined sequentially after the expiration of the U.S. EV tax credit and fell 15.6% year over year. The firm views the results as neutral for the stock and is awaiting margin details at Q4 earnings on January 26, 2026. Tesla also reported a record 14.2 GWh of energy storage deployments. Stifel reiterated its Buy rating and $508 price target, citing FSD and Robotaxi progress as key value drivers. Rivian’s Q4 production and deliveries were largely in line with expectations.(*Walter Bloomberg)