Gene Munster of Deepwater Asset Management predicts a Tesla stock rally despite a NHTSA probe into its Cybercab deployment, viewing the investigation as a minor hurdle. His bullish stance is based on Tesla's confidence in deploying 1,000 Cybercabs, which he interprets as a strong signal of safety and operational readiness, potentially boosting investor sentiment.
The filing details Gene Munster's bullish outlook on Tesla (TSLA) shares, despite the NHTSA initiating an Audit Query into Tesla's Cybercab fleet over compliance with safety standards. Munster views the probe as a 'speed bump' and believes Tesla's plan to deploy 1,000 Cybercabs in Austin signals high confidence in their safety, which he expects to drive the stock up. This is significant because regulatory scrutiny often creates uncertainty, but Munster is framing it as a temporary challenge. For traders, this presents a short-term opportunity if Munster's prediction holds, but also a risk if the NHTSA probe escalates or uncovers significant issues. The long-term implications depend on the outcome of the NHTSA investigation and Tesla's ability to scale its robotaxi ambitions.