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Musk’s Focus, Political Step-Back Lift Tesla Stock Despite China Sales Slump - Barron's

1. TSLA stock rose 1.1% despite weak sales data from China. 2. Musk confirms he will remain CEO for five more years. 3. Tesla sold 11,150 vehicles in China, 24% lower than last year. 4. TSLA shares are currently trading at 172 times estimated 2025 earnings. 5. Analyst predicts $410 price target driven by AI and robotics investments.

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FAQ

Why Bullish?

Despite weak sales, investor confidence in Musk and AI potential is strong.

How important is it?

Elon Musk’s statements often influence market perceptions, despite sales concerns.

Why Short Term?

Confidence from Musk's commitment may yield quick price movements, though sales lag.

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