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Tesla sales decline sharply amid political backlash and rising competition
Tesla's vehicle registrations in the EU plummeted 49% in January and February 2025, amid backlash against CEO Elon Musk's political activities and increasing competition from Chinese electric vehicle brands. The company's market share fell to 9.6%, its lowest in five years, as it phases out the Model Y for a refreshed version. Investor concerns grow over Musk's impact on brand value, with calls for his removal from the CEO position.
crypto debanking issues persist until 2026 despite positive legislation
Caitlin Long warns that the cryptocurrency industry in the U.S. will continue to face debanking challenges until January 2026, despite recent positive legislative developments. The collapse of crypto-friendly banks in early 2023 has led to allegations of Operation Chokepoint 2.0, a government initiative aimed at pressuring banks to sever ties with crypto firms.
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