Tesla bull Gene Munster of Deepwater Administration believes the corporate will convey forth greater than only a Robotaxi at subsequent week’s unveiling occasion.
He believes there will probably be three new automobiles unveiled however believes Tesla will preserve the occasion “mild on particulars.”
Munster joined CNBC this morning to debate the occasion after the firm reported it delivered 462,890 automobiles for the third quarter. As deliveries at the moment are behind us, the Robotaxi unveiling occasion is taking focus.
The analyst mentioned he believes three fashions will probably be introduced on the October 10 occasion: a Robovan, a Robotaxi, and the $25,000 EV that traders have been eager about for a number of years.
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Munster mentioned the Robovan will probably be “a while off,” which means it can most likely be a number of years earlier than it’s supplied. He additionally mentioned the occasion is predicted to be extra like a “launch get together,” the place CEO Elon Musk will go on stage, discuss at a really excessive stage about what Tesla is doing, how it’s growing the Robotaxi, the way it will function, and what it must be practical, however particulars on when it can roll out, value, and different issues individuals really wish to know, will probably be slim.
Apparently, Gary Black of the Future Fund mentioned simply final week that he felt the $25,000 EV was extra necessary than Robotaxi as a result of gaining market share, giving a direct competitor to ultra-popular reasonably priced automobiles just like the Toyota Corolla, and growing Tesla’s general presence within the automotive market could be a energy that Wall Road would acknowledge.
Munster agrees with the sentiment and mentioned that he’ll be “hyper-focused” on the $25,000 automobile, if Tesla rolls one out:
“The one element that I’m going to hyper-focused on is that cheaper $25,000 automobile, after they anticipate to ramp manufacturing. I wish to put one thread via why that is necessary for subsequent yr, is that the Road is on the lookout for development to go from 7 % in the latest quarter to 12 % subsequent yr. To get to 12 %, it is advisable to get that cheaper mannequin beginning to ramp in the course of the yr.”
Primarily based on Tesla’s previous bulletins for automobiles and after they truly turn into out there in relation to their announcement, Munster says it’s sensible to anticipate that car in late 2025 or early 2026.
You may take a look at Munster’s full feedback and expectations within the video beneath:
🚨 “Don’t anticipate many particulars at subsequent week’s Tesla occasion,” says Deepwater’s Gene Munster
• Gene Munster predicts $TSLA will unveil three new fashions: a less expensive automobile, a robo-van, and a robotaxi.
• @munster_gene highlights that ramping up manufacturing of the $25,000 automobile is… pic.twitter.com/7KUYhLVLXt
— Herbert Ong (@herbertong) October 3, 2024
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