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Tesla, Intuit, Workday, Deckers, Ross Stores, IonQ, Hinge Health, and More Market Movers - Barron's

1. Tesla shares rose 1.3% in premarket trade on Friday. 2. New tax measures may impact electric vehicle ownership costs. 3. Shares fell 2.6% for the week, threatening a winning streak. 4. Republican-led Senate aims to revoke California's EV sales ban. 5. Tesla ended Thursday's session up 1.9% despite market instability.

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FAQ

Why Bearish?

Despite a slight gain, potential tax fees may deter EV buyers and impact sales, akin to past consumer tax changes affecting car sales dynamics.

How important is it?

Changes in taxes and regulations can significantly affect vehicle sales; this warrants close monitoring.

Why Short Term?

Immediate concerns about ownership costs and competitive dynamics may influence investor sentiment quickly.

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