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Tesla stock declines as tariffs and Musk's ties raise investor concerns

Tesla's stock fell by as much as 6% amid concerns over President Trump's impending 25% tariffs on foreign autos, with CEO Elon Musk acknowledging the significant impact on the company. Analysts predict lower EV deliveries for the March quarter, with estimates ranging from 353,418 to 390,342 vehicles, as waning sentiment towards Musk and competition from Chinese EV makers like BYD weigh on sales. Additionally, protests against Musk and the anticipation of new models are contributing to short-term sales challenges.
Yahoo Finance
United States Dollar Tesla, Inc. BYD Company Limited CHN USA Dan Ives Elon Musk Stephen Gengaro Tom Narayan Show more
Finance & Economy, Market Report
17:33 31.03.2025
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