Tesla investors should watch out for three key things at the upcoming shareholder meeting, Gene Munster said.
He estimated a 70% chance that Musk could step down as CEO in the next year, which could spark a sell-off in Tesla stock.
Munster, a long-time bull and follower of Tesla stock, outlined two potential positives for Tesla stock, though he noted a major leadership change that could result in a sell-off for investors.
Musk stepping down as Tesla's leader could spark a sell-off in Tesla stock, Munster warned in a previous interview with CNBC, as Musk is inherently tied to the company's brand.
That involved him selling off his own Tesla shares to fund his $400 billion purchase of the social media site, a move that angered Tesla investors.