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Tesla Stock Plunges 8% As Trump Suggests Musk Has ‘Trump Derangement Syndrome'

1. Tesla shares fell 8.3% amid Musk's criticism of Trump's policy bill. 2. Musk labeled the bill as 'massive' and 'pork-filled', alienating Trump. 3. Sales for Tesla declined over 45% in the U.K. despite industry growth. 4. Musk's focus on the Trump administration raised concerns among analysts. 5. Tesla's upcoming robotaxi service launch comes amid scrutiny of self-driving software.

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FAQ

Why Bearish?

The significant drop in Tesla's stock amid Musk's political controversies suggests weakened investor confidence. History shows that shifts in Musk's focus or public controversies can lead to marked declines, as witnessed with the major drop of 10.4% in early April.

How important is it?

The intertwining of Musk's public statements with corporate performance directly affects investor sentiment. Musk's role and behavior have historically influenced Tesla's stock trajectory, making this article highly relevant.

Why Short Term?

The immediate reaction from investors following Musk's comments indicates a short-term impact. However, ongoing analyses of sales performance and operational developments will likely shape the long-term outlook.

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