Gene Munster Warns Tesla's March Delivery Number Will Be 'Ugly' But June Will Be Uglier
Benzinga (Tue, 01-Apr 9:46 PM)
Deepwater Asset Management‘s Gene Munster is bracing for disappointing Tesla Inc. (NASDAQ:TSLA) delivery numbers when the electric vehicle maker reports first-quarter figures on Wednesday, warning investors that the coming months could be even more challenging.
What Happened: “The March number is likely going to be ugly. The June will likely be worse. Then things begin to slowly improve,” Munster wrote Tuesday on X, signaling a dramatic reversal for a company that once projected 20-30% growth.
The Tesla bull anticipates first-quarter deliveries around 355,000 units, down approximately 8% year-over-year, significantly below analyst consensus estimates of 377,592. His projection aligns with prediction markets, where Kalshi traders give only a 56% probability of Tesla exceeding 350,000 deliveries.
