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 likely be three new autos 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 stated he believes three fashions will likely be introduced on the October 10 occasion: a Robovan, a Robotaxi, and the $25,000 EV that buyers have been fascinated with for a number of years.
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Munster stated the Robovan will likely be “a while off,” that means it would in all probability be a number of years earlier than it’s supplied. He additionally stated the occasion is predicted to be extra like a “launch occasion,” the place CEO Elon Musk will go on stage, speak 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 purposeful, however particulars on when it would roll out, value, and different issues individuals really want to know, will likely be slim.
Curiously, Gary Black of the Future Fund stated simply final week that he felt the $25,000 EV was extra vital than Robotaxi as a result of gaining market share, giving a direct competitor to ultra-popular inexpensive autos just like the Toyota Corolla, and rising Tesla’s general presence within the automotive market could be a energy that Wall Road would acknowledge.
Munster agrees with the sentiment and stated 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 need to put one thread via why that is vital for subsequent yr, is that the Road is on the lookout for progress to go from 7 p.c in the latest quarter to 12 p.c subsequent yr. To get to 12 p.c, it’s worthwhile to get that cheaper mannequin beginning to ramp in the course of the yr.”
Based mostly on Tesla’s previous bulletins for autos and after they really develop into obtainable in relation to their announcement, Munster says it’s reasonable to anticipate that automobile 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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