00:00It's Benzinga bringing Wall Street to Main Street.
00:02Deepwater Asset Management's Gene Munster said Tesla's fourth-quarter deliveries
00:06report showed signs of stabilization and U.S. market share gains.
00:10Tesla reported fourth-quarter deliveries of 418,227, down 16% year-over-year and below
00:19street estimates. In a recent blog post, Munster said the decline followed a third quarter where
00:24deliveries rose 7% year-over-year, aided by demand pulled forward ahead of the U.S.
00:29federal EV tax credit expiration in September. He said deliveries would have declined about
00:345% in both September and December without the tax credit impact. Munster estimated roughly
00:4055,000 third-quarter deliveries shifted into later periods. He said Cox Automotive data showed
00:46Tesla's U.S. EV market share rose to roughly 65% early in the quarter, calling it a material
00:52improvement for the company's EV market share in the U.S. For all things money, visit Benzinga.com.
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