“Tesla deliveries will decline about 10% in 2025 and then grow 35% in 2026, supported by an improving EV outlook, a healing brand and a new model — 2025 largely doesn't matter; it sets up a major rebound in 2026 and beyond.”

The 2025 leg was close — deliveries fell an estimated ~7% — but the +35% 2026 leg is unresolved, and Munster himself cut his 2026 view to flat-to-+5% in December 2025.