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Benzinga
197 days

Tesla Sales Drop 12% In California: Is Elon Musk's Support For Donald Trump Hurting EV Sales?

1. Tesla's sales in California decreased by 12% in 2024. 2. Overall U.S. EV sales hit a record 1.3 million, but Tesla's market share fell. 3. Political ties of Musk to Trump may harm Tesla's brand perception. 4. Model 3 and Model Y experienced significant sales drops compared to last year. 5. Tesla's brand value declined by $15 billion from 2024 to 2025.

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FAQ

Why Bearish?

Sales declines and political controversy are damaging Tesla's brand appeal, signaling investor concerns.

How important is it?

The article highlights key factors affecting Tesla's market position and stock performance decisively.

Why Short Term?

Recent sales data impacts stock sentiment quickly, especially with political issues affecting immediate sales.

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