Tesla ( TSLA) shares “appear to be bulletproof,” Deepwater Asset Management Managing Partner Gene Munster wrote on X last night. He saw the company’s latest quarterly results as “messy,” citing the profitability of its auto sales, but “Investors don't care because it's all about what's on the come.”

Tesla stock opened up 5.5% at $410.50 before slipping. The initial rise was a surprise for two reasons. For starters, earnings were relatively weak and guidance was “vague,” according to Morgan Stanley analyst Adam Jonas.