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Cars charge at stations outside of Tesla's factory in Fremont, California. Photo: David Butow/Corbis via Getty Images

Shares of Tesla fell 9% after announcing it delivered 90,700 vehicles in the fourth quarter, fewer than the 92,000 estimated by FactSet, and the company said it would slash the cost of all of its models by $2,000, a buffer for the reduced tax credit for electric vehicles that took effect on Jan. 1. A Tesla spokesperson tells Axios that its deliveries were "roughly in line with Wall Street’s estimates," per its own internal tracking that forecast 91,046 deliveries.

The big picture: The company still delivered three times as many cars as it did in last year’s fourth quarter, as the Wall Street Journal points out. Tesla also boosted production, with 86,555 vehicles in the fourth quarter — 8% more than it did last quarter. Next month, we’ll find out whether that translates into another profitable quarter, when the company reports quarterly results.

Go deeper

3 mins ago - Politics & Policy

Senate Democrats settling on 25% corporate tax rate

Sen. Joe Manchin (D-W.Va.). Photo: Chip Somodevilla/Getty Images

The universe of Democratic senators concerned about raising the corporate tax rate to 28% is broader than Sen. Joe Manchin, and the rate will likely land at 25%, parties close to the discussion tell Axios.

Why it matters: While increasing the rate from 21% to 25% would raise about $600 billion over 15 years, it would leave President Biden well short of paying for his proposed $2.25 trillion, eight-year infrastructure package.

GOP pivot: Big business to small dollars

Illustration: Annelise Capossela/Axios

Republican leaders turned to grassroots supporters and raked in sizable donations after corporations cut them off post-Jan. 6.

Why it matters: If those companies hoped to push the GOP toward the center, they may have done just the opposite by turning Republican lawmakers toward their most committed — and ideologically driven — supporters.

CDC: Half of US adults have received one COVID-19 vaccine dose

Data: CDC; Chart: Axios Visuals

Half of US adults have received at least one dose of the COVID-19 vaccine and about a third are fully vaccinated, according to new data from the Centers for Disease Control and Prevention.

Why it matters: COVID-19 cases and hospitalizations are still on the rise, CDC director Rochelle Walensky said during Friday's White House COVID-19 briefing. With cases in many states being driven by variants, public health officials have emphasized the need to ramp up vaccinations.