Tesla Inc. TSLA Investors had placed a lot of hope in them investor day and at least one buy-side analyst felt the event didn’t live up to the hype.

Stock loses ground: After the event, Tesla shares lost 5.61% towards support around $191. After ending Wednesday’s regular trading session down 1.43% at $202.77, the stock fell gradually 5.61% in after-hours trading Benzinga Pro data.

See also: Everything you need to know about Tesla stock

“Long quest, little detail,” said the Future Fund co-founder Gary Black. There was a lot of discussion about production and engineering, but not much about the demand side and how to go from 1.8 million deliveries in 2023 to the target of 20 million deliveries by 2030, he added.

He also noted that questions at the event are limited to sell-side analysts. When Jefferies analyst asked the number of models that would make up the 20 million units by 2030, CEO said Elon Musk said 10 without elaborating, the analyst said. The billionaire’s refusal of demand-related requests would not go down well with institutions, he added.

“The Street wants data points to support the demand function,” Black said, adding that management can’t just say that.

Details vague, says Munster: Managing Partner of Deepwater Asset Management Gene Munster echoed a similar sentiment.

Reading between the lines, the venture capitalist said the four new models the company is planning will likely be key to Tesla meeting its target of 20 million vehicles per year, accounting for 65% of the target.

Based on the slide showing the five existing models, the Cybertuck and two Under Wraps used at the presentation, Munster said he expects a $30,000 car and a larger SUV or similar van Mercedes-Benz Group AG MBGAF Sprinter, since Musk is a big fan of it.

He also noted that the Company dodged specific questions about details for next-generation vehicles, with Musk stating that they refuse to answer anything on the subject and…