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      Gene Munster Says Upcoming Tesla Deliveries Will Be 'First Good Read,' As Ford, GM Scale Back EV Ambitions— Here's Why

      On Friday, Deepwater Asset Management's managing partner Gene Munster said that Tesla Inc.'s (NASDAQ:TSLA) upcoming delivery report could reveal a deeper shift in the EV market as legacy automakers pull back.

      Tesla Deliveries Seen As Key Demand Test Post Incentives

      While sharing Pressure Points on social media, Munster said Tesla's first-quarter delivery report, expected in early April, will offer a clearer picture of demand after the expiration of U.S. EV tax credits.

      Those incentives previously supported roughly 30% of Tesla's sales.

      "This is going to be our first good read … of what the underlying demand looks like post the sunsetting of those U.S. EV tax credits," he said.

      Wall Street expects about 466,000 deliveries, implying roughly 8% growth, though Munster noted estimates range from low single-digit gains to around 11%.

      Even modest growth, he said, would be a positive signal after volatile 2025 delivery trends.

      Big Auto Retreat Creates Opening For Tesla

      Munster argued the bigger story lies beyond the quarterly numbers.

      Automakers, including Ford Motors (NYSE:F), General Motors Company (NYSE:GM), Toyota Motors (NYSE:TM), Honda Motors Co.

      Full story available on Benzinga.com


      Source: Benzinga
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