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TSLA
Benzinga
146 days

4 EV Stocks Soaring As Tesla Tumbles

1. TSLA shares down 32% this year due to Musk's political involvement. 2. EV sales down 40% in Europe, 11% in the U.S. for TSLA. 3. Tesla overtaken in China by domestic rivals; BYD and VW gain market share. 4. Investor focus shifts to competitors like BYD, VW, and Toyota. 5. Overall EV sales increased 26%, but TSLA struggles with sales decline.

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FAQ

Why Very Bearish?

Tesla's sales decline amidst rising competition signals potential long-term viability issues.

How important is it?

The article highlights significant challenges for Tesla, likely impacting investor sentiment and sales projections.

Why Long Term?

Sales trends and competitive landscape suggest ongoing challenges for TSLA, impacting future earnings.

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