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Tesla's board reportedly sought a successor while Musk wheeled around Washington

1. Tesla's board is seeking Elon Musk's successor amid sales decline. 2. Protests and strained profits have raised concerns over Musk's focus. 3. Tesla's market value dropped from $1.5 trillion to $900 billion. 4. Musk promises to dedicate more time to Tesla's operations next month. 5. Company reported a 71% profit decline and a 9% revenue drop.

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FAQ

Why Bearish?

Musk’s distractions and sales decline suggest weak future performance, reminiscent of past struggles.

How important is it?

Musk's leadership and its changes directly influence investor and consumer confidence.

Why Short Term?

Immediate impacts on investor sentiment could affect stock in the coming months.

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