Loup Ventures’ Gene Munster predicts the embattled automaker will be profitable by September.
Tesla finally met its goal in the final week of the quarter, with the final car rolling off the assembly line on Sunday morning.
Despite Tesla’s weekend production beat, the stock ended down more than 2 percent on Monday, which Munster said initially surprised him.
“The bears have their case to say that even though that 5,000 number was pretty, they had to throw everything at it to get there — the reality is they haven’t ramped,” Munster said.
Tesla’s future as a mass-market automaker hinges on efficient, automated production of the mid-priced Model 3. Production of the Model 3 has been plagued by a number of issues, including excessive automation in factories and battery issues. Delays may have already compromised Tesla’s monopoly on the mid-priced electric vehicle, as competitors prepare to launch rival models.