Tesla stock slips further ahead of EV maker’s Q4 delivery report

What you need to know

• Tesla shares reversed their course on Tuesday and fell further, continuing recent losses ahead of the company’s fourth-quarter deliveries report.
• Analysts expect the EV maker to report a record number of deliveries in the fourth quarter on Thursday, but the full-year total likely won't meet Tesla's forecast.
• Tesla’s shares are up since Election Day as the market anticipates that Trump will favour the company.

Tesla shares (TSLA) reversed and edged down Tuesday. They continued recent declines in advance of its Fourth-Quarter Delivery Report.

The company is set to report Q4 deliveries on Thursday, and analysts surveyed by Visible Alpha are expecting a record total of 512,250, although that would not be enough to bring the full-year total up to Tesla's forecast. In its third-quarter earnings report, Tesla said that "despite ongoing macroeconomic conditions," it anticipated deliveries of slightly more than last year's 1.81 million.

Tesla faces questions as well about the future of the company under Trump’s administration. The incoming president has promised to slash regulations and provide federal guidelines for autonomous vehicles, which would be a big boost for Tesla's robotaxi plans. The President-elect Trump is also expected to stop tax incentives for EV purchase.

It’s also unclear how much Elon Musk, the CEO of Tesla Motors will devote to his automaker now that he has been named co-leader of the Department of Government Efficiency by Trump. 

Tesla shares are largely benefiting from the outcome of the Presidential Election, adding two-thirds to their value since Election Day, even though they lost 10% over the last three sessions.

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