Tesla's $350 Billion Rally Isn't Just A Rebound — Gene Munster Says It's Riding On Margins, Robotaxis, AI And Elon Musk
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Tesla's shares have surged 46% since late April, adding $350 billion in market cap, driven by better-than-expected automotive gross margins and the anticipated launch of its ride-hailing service. Gene Munster attributes 65% of the rally to these factors, while 25% is linked to eased tariff concerns. Despite a 71% drop in first-quarter profits, Tesla's future relies on its autonomy initiatives, with a planned robotaxi launch amid regulatory scrutiny. The stock has rejoined the trillion-dollar valuation club, although it remains down 8.1% year-to-date in 2025.
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