Tesla stock lower after Musk didn't mention robotaxi fleet, says Gene Munster

Core Insights - The absence of mention regarding the expanded robo taxi fleet by Elon Musk during prepared remarks led to a decline in Tesla's stock price shortly after the call began [1] - Positive comments were made about production ramp-up, indicating an intention to increase production as quickly as possible, which may influence delivery expectations for the next year [2] - There is a discrepancy between market expectations for growth in deliveries, with the street anticipating a 17% growth while a more conservative estimate is around 10% [2][3] Company Performance - Tesla's stock experienced a decline of 3.8% during after-hours trading, reflecting market reactions to the comments made during the call [3] - The company is facing pressure points related to production and delivery forecasts, which could impact investor sentiment moving forward [1][2] Market Expectations - The market is currently divided on growth expectations for Tesla, with some analysts predicting only a 5% growth in deliveries, which contrasts sharply with the more optimistic street estimate [2][3] - Clarity on production and delivery expectations is awaited, as the current commentary suggests a potential misalignment with market forecasts [2][3]