/ January 21, 2026 Tesla’s equity attempted to find its footing on Wednesday, showing signs of stabilization following a turbulent session. In pre-market trading, the stock advanced by nearly 1% to approximately $421, seeking to recover from the prior day’s decline of over 4%. This tentative support arrives alongside a robust defense of the company from Cathie Wood’s ARK Invest, which has emphatically reiterated its bullish thesis centered on Tesla’s future as a robotaxi platform. Investor focus now shifts decisively to the upcoming quarterly results, scheduled for release on January 28. Quarterly Results Loom Amid Delivery Slowdown The immediate financial picture presents challenges. Market analysts project earnings per share of $0.46 on revenue of $24.75 billion for the quarter, marking a sequential decline from the previous quarter’s $0.50 EPS and $28.1 billion in sales. These subdued expectations follow the already disclosed delivery figures, which painted a clear picture of current headwinds. Tesla reported fourth-quarter deliveries of 418,227 vehicles, representing a 15.6% decrease year-over-year. For the full year 2025, total deliveries reached 1.636 million units, an 8.6% drop from 2024 levels. This performance allowed Chinese rival BYD to surpass Tesla in pure electric vehicle sales. Margin compression remains a key concern. The company’s operating margin contracted to 5.8% in the third quarter, a significant reduction from the 10.8% recorded in the prior-year period. The pressure on hardware profitability underscores the strategic importance of the company’s new software-focused initiatives. Strategic Pivot to Subscription and ARK’s Robotaxi Forecast In a significant strategic shift, Tesla will transition its Full Self-Driving (FSD) capability in the United States entirely to a subscription model beginning February 14. Priced at $99 per month, the program targets an ambitious goal of 10 million active users, as CEO Elon Musk pivots toward building a foundation of recurring software revenue over one-time payments.