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Benzinga
67 days

2 Stocks To Avoid With Musk Out Of Trump's Favor

1. Elon Musk and Trump engage in a public feud impacting investor sentiment. 2. Trump threatens to cut funding to Musk's companies amidst tax bill debates. 3. Proposed tax changes could severely affect Tesla's profitability and market position. 4. Tesla faces declining market share with rising competition from Chinese EV makers. 5. Volatility in related ETFs, particularly those linked to Musk, is anticipated.

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FAQ

Why Bearish?

The feud indicates potential instability; historical feuds often led to stock declines.

How important is it?

Potential changes in legislation and management disputes can critically influence market stability.

Why Short Term?

Immediate fears of funding cuts and tax changes will directly affect investor sentiment.

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