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benzinga.com
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Tesla Record Highest Trade-Ins Amid Backlash Against CEO Elon Musk, Surge In Vandalism - Tesla (NASDAQ:TSLA)

1. Record number of TSLA cars traded amid protests against Elon Musk's government ties. 2. TSLA vehicles accounted for 1.4% of traded vehicles, up from 0.4% last year. 3. Activist demonstrations led to increased trade-ins and brand loyalty concerns. 4. Sales in Europe fell over 40%, compounding Tesla's existing challenges. 5. Cybertruck struggles continue, with a recall affecting over 46,000 units.

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FAQ

Why Very Bearish?

Ongoing protests and brand loyalty erosion indicate troubling consumer sentiment and sales decline. Similar past instances led to sustained drops in stock performance.

How important is it?

The rise in trade-ins fueled by public protests and declining sales are critical factors that heavily influence TSLA's market position and investor sentiment.

Why Short Term?

The immediate backlash and trade-in increases could heavily impact TSLA’s stock in the next few months, similar to previous incidents causing rapid price declines.

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