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Gene Munster from Loup believes in Tesla in the long term but is cautious near term due to earnings pressure and recent stock discounting. Despite wanting to own Tesla in his fund, they do not currently have a position. Tesla's delivery and growth numbers are strong, outpacing the industry average by 2x. Munster highlights the upcoming earnings report on January 25th and mentions discounted prices in China as a potential factor to watch. Tesla's revenue and delivery gaps have closed, positioning them for potential growth.