Musk's cash-out and erratic behavior on the social media site are partly responsible for, Munster said. But he thinks the Tesla's image is now being repaired with price cuts, since the move will be favorable with Tesla's customers.
"It's a win for consumers and Tesla's brand. Tesla is going to gain market share near term which has long term market share benefits as the EV market ramps," Munster tweeted. It also places pressure on Tesla's competitors to lower prices competitively, he added, speculating that prices will drop in the overall EV market.," as they show that Tesla"is not going to play nice" with fellow EV competitors.
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