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As Tesla Giga Texas Hits 500K Production Milestone, Gene Munster Says Automakers Would Be 'Praying' For AVs To Fail: 'Good News For...' - Tesla (NASDAQ:TSLA)
TeslaTesla(US:TSLA) Benzingaยท2025-10-16 05:39

Core Insights - Tesla's Gigafactory in Texas has achieved a production milestone of 500,000 vehicles, which was celebrated on social media [2] - The factory is also involved in the development of the Cybercab, with recent sightings at its crash testing center [2] - Gene Munster from Deepwater Asset Management suggests that traditional automakers may be hoping for autonomous driving technology to fail, as its success could disrupt their market position [5] Production and Market Trends - Tesla's Gigafactory in Berlin is set to increase production due to positive market feedback and rising demand [3] - Munster has indicated a potential slowdown in global EV adoption, which could impact future growth for the industry [4] Industry Perspectives - Former Ford CEO Mark Fields noted that the global EV market has not developed as automakers anticipated, with General Motors facing a $1.6 billion charge related to EV capacity [7] - Fields emphasized that automakers invested heavily in EV capacities without adequately discussing market adoption beforehand [8] Performance Metrics - Tesla is performing well in Momentum, Quality, and Growth metrics, although it has a poor Value rating [9]