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 automobiles unveiled however believes Tesla will preserve the occasion “gentle 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 interested by for a number of years.
Tesla Van, revised Cybertruck, Tesla Boat — Right here’s what could possibly be coming
Munster stated the Robovan will likely be “a while off,” which means it is going to most likely be a number of years earlier than it’s supplied. He additionally stated the occasion is anticipated to be extra like a “launch social gathering,” the place CEO Elon Musk will go on stage, discuss at a really excessive degree 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 is going to roll out, price, and different issues folks actually 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 necessary than Robotaxi as a result of gaining market share, giving a direct competitor to ultra-popular inexpensive automobiles just like the Toyota Corolla, and growing Tesla’s total 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, once they count on to ramp manufacturing. I wish to put one thread by means of why that is necessary for subsequent yr, is that the Road is searching for development to go from 7 p.c in the newest quarter to 12 p.c subsequent yr. To get to 12 p.c, 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 once they really turn into obtainable in relation to their announcement, Munster says it’s sensible to count on that automobile in late 2025 or early 2026.
You’ll be able to try Munster’s full feedback and expectations within the video under:
🚨 “Don’t count on 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
I’d love to listen to from you! If in case you have any feedback, considerations, or questions, please electronic mail me at [email protected]. You may also attain me on Twitter @KlenderJoey, or when you’ve got information ideas, you possibly can electronic mail us at [email protected].
