Tesla earnings: Disappointing Q4 will drag stock lower, Gene Munster says

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Steer clear of Tesla with disappointing earnings set to drag the stock lower, strategist Gene Munster says

stock just yet despite the recent rally for Elon Musk's carmaker, Deepwater Asset Management's Gene Munster has warned.price cuts for Tesla's flagship Model Y carBut there could be a nasty shock for Tesla shareholders when the company releases its fourth-quarter earnings on Wednesday, Munster said.

"I expect them to give guidance somewhere between 15% and 20% – and that's the piece I think will cause a dip in shares on Wednesday," he said.

 

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The demand is still high but competitive companies are on the rise. This is what elonmusk wanted, it's not much of an issue especially with 190 billion tailwind.

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