Tesla Inc.'s (NASDAQ:TSLA) third-quarter results have sparked a range of reactions from Wall Street, with some analysts calling the report a turning point and others urging caution on near-term expectations.

TSLA is among today’s weakest performers. Find out why here.

Strong Balance Sheet To ‘Fund The Product Roadmap’

On Wednesday, in a post on X, Gene Munster, the managing partner at Deepwater Asset Management, highlighted Tesla’s balance sheet strength, noting that its cash and liquidity has increased by $4 billion during the quarter to $41 billion, which he said was enough to fund the company’s “product roadmap.”

“The dream can be funded,” Munster said, adding that the company’s competitors General Motors Co. (NYSE:GM) and Ford Motor Co. (NYSE:F) have about $23 billion each.

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Munster also noted that the company’s Cybercab is “on schedule for volume production in 2026,” while its Optimus humanoid robot “is still early.”

Three key $TSLA takeaways from the outlook section:1. Cash & liquidity: Up $4B to $41B which they say is ...