Multiple analysts have weighed in on Tesla Inc.'s (NASDAQ:TSLA) fourth-quarter earnings call, sharing their insights on various factors related to the Elon Musk-led automaker.
Gary Black Paints Mixed Picture
In a post on the social media platform X on Wednesday, Gary Black of The Future Fund LLC shared his insights on the earnings. The investor outlined that he expects Tesla shares to "rise by 2-3%" once the markets open following the earnings call.
Ross Gerber Says Its The End Of An Era
Meanwhile, Ross Gerber, co-founder of Gerber Kawasaki, also shared his views on the earnings, calling it the "end of an era" for Tesla as the company announced a shift towards autonomous vehicles.
He also shared that Tesla's transition from manufacturing electric vehicles to a "transportation as a service," as well as the humanoid robots revenue model, would require "some time and a ton of money."
Gene Munster Says Robotaxis Progressing Well
"FSD is making more progress than people realize," Munster said, adding that the system had made a "remarkable improvement" over the past six-month period. Munster also added that Tesla’s decision to offer FSD subscriptions only would take auto margins down to 16%.
On Robotaxis, the investor shared that Tesla's confidence in the FSD system has led to the company announcing Robotaxi expansion into multiple cities this year. Munster shared that market estimates indicate a 7% increase in deliveries for Tesla this year, though the automaker did not reveal any details about deliveries.
"My sense is that it's gonna be flat-ish. As long as it's flat, it's gonna be positive." He also shared that Tesla was focusing on higher volume models, which was a positive for Tesla.
According to Benzinga Edge Rankings, Tesla scores well on the Momentum metric and offers a favorable price trend in the Long term.
Price Action: TSLA jumped 2.01% to $440.13 during Overnight trading on Wednesday.
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