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Tesla shares sink 5% as Musk continues to bash Trump's spending bill

1. TSLA shares fell 5% as Musk attacked Trump's spending bill. 2. Musk expressed strong opposition to lawmakers supporting the bill. 3. Sales of Tesla vehicles have dropped significantly in Europe. 4. Competitor Waymo is advancing with a commercial robotaxi service. 5. Musk faces pressure to launch Tesla's driverless ride-hailing service.

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FAQ

Why Bearish?

The significant drop in shares alongside weak sales data indicates growing investor concern.

How important is it?

Musk's public stance and Tesla's sales problems amplify uncertainty about its future prospects.

Why Short Term?

Immediate market sentiment may be affected affecting stock price in the next months.

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