Tesla Stock Falls After 'Monster Delivery Number,' Gene Munster Knows The Reasons Why

Tesla reported Q2 deliveries that topped analyst estimates, but TSLA shares fell on Thursday. Deepwater Asset Management’s Gene Munster said the market reaction reflected concerns not addressed by the headline delivery beat. Net: deliveries beat, but investor sentiment turned cautious, implying a limited near-term positive impact.

Analysis

Tesla reported Q2 deliveries that topped analyst estimates, but TSLA shares fell on Thursday. Deepwater Asset Management’s Gene Munster said the market reaction reflected concerns not addressed by the headline delivery beat. Net: deliveries beat, but investor sentiment turned cautious, implying a limited near-term positive impact.