Tesla reports record quarterly deliveries but misses estimates

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The world’s most valuable automaker delivered 405,278 vehicles in the last three months of the year, compared with Wall Street expectations of 431,117 vehicles, according to Refinitiv data.

The company had delivered 308,600 vehicles in the same period a year earlier.

Tesla (NASDAQ:TSLA) delivered 388,131 Model 3 compact sedans and Model Y sports utility vehicles (SUVs) compared with 17,147 Model X and Model S luxury cars.

The automaker made a total of 439,701 cars in the fourth quarter.