John Murphy, Managing Director of Strategic Advisory at Haig Partners, joined CNBC’s Money Movers to share his perspective on Tesla’s third-quarter results and the company’s evolving growth outlook. John noted that Tesla’s auto business is showing signs of “ex-growth” amid intensifying global competition and a lack of new product launches, suggesting that future success will depend on expanding the model lineup, strengthening distribution, and funding long-term investment in AI and automation.

Key highlights from the discussion:

• Tesla’s vehicle volumes are expected to decline about 10% this year, signaling slower growth in its core auto business.
• Global EV competitors, such as Xiaomi, are launching products that may outperform Tesla’s current lineup.
• To drive future growth, Tesla may need to expand its model portfolio and establish a curated dealership and service network.
• John also suggested Tesla could benefit from an equity raise to fund future AI and robotics investments.