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Gene Munster

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Tesla's 60% Surge: Key Catalysts for Future Growth
finance1 year ago

Tesla's 60% Surge: Key Catalysts for Future Growth

Tesla's stock has surged 63% since its October earnings report, driven by delivery expansion and the potential of its autonomous driving technology, according to analyst Gene Munster. Munster predicts further growth in deliveries and the long-term impact of autonomy will continue to boost Tesla's fundamentals and stock value. The stock's recent rise also follows market reactions to political events, including Donald Trump's election, which have influenced Tesla's trajectory.

Tesla's Q3 Results Set the Stage for December Upside, Analysts Remain Bullish
business2 years ago

Tesla's Q3 Results Set the Stage for December Upside, Analysts Remain Bullish

Gene Munster, a longtime Tesla bull, believes that Tesla's Q3 results are in line with expectations and set the company up for a strong Q4. Munster suggests that Tesla needs to deliver about 476,000 vehicles in Q4 to achieve its self-imposed goal of 1.8 million vehicles in 2024. He believes this is achievable due to the ramp-up in production of the Model 3 and the potential benefit from Cybertruck sales. Other Tesla bulls, such as CFRA and Gary Black, also see positive tailwinds for the company, including the UAW strike, the ramp-up of factories in Austin and Berlin, the upcoming Cybertruck deliveries, and the introduction of a lower-priced coupe in 2024.