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

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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

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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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