Gene Munster expressed optimism about Tesla, interpreting its Q3 2024 results as a return to growth with deliveries up 7% year-over-year despite facing demand challenges.
Munster conjectured that Tesla's U.S. market share would decline from about 50% to over 40% by 2030, contradicting broader investor expectations of a drop closer to 20%.
Deepwater's analysis revealed a significant 35% reduction in EV subsidies across major European markets, which poses challenges for the continued growth of electric vehicle sales.
Munster raised concerns that Elon Musk's increasing political commentary could negatively impact Tesla's sales, highlighting the influence of external factors on consumer perception.
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