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Tesla Loses $1 Trillion Valuation As Shares Plunge 8%— Elon Musk's DOGE Role, Brand Backlash Fuel Sell-Off - Tesla (NASDAQ:TSLA)

1. Tesla's market cap fell below $1 trillion as shares dropped 8.39%. 2. Stock down 36% from December high and 28.59% since Trump's inauguration. 3. Protests linked to Musk's political commitments have harmed Tesla's brand. 4. Tesla's European sales dropped 50.4% year-over-year in January. 5. Concerns about product features amidst rising competition from BYD and Xiaomi.

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FAQ

Why Bearish?

Significant share price drop and brand damage from protests and competition lead to bearish sentiment.

How important is it?

Severe declines in sales and brand image could drastically affect investor confidence.

Why Short Term?

Immediate impacts from protests and sales declines likely to continue affecting price.

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