Tesla is on track for its fourth red trading day today, as Elon Musk's overt political role in the Trump administration 2.0 appears to be dampening sales in the EU, and the chatter around "commoditization of autonomous driving" is reducing the stock's sky-high premium. To make matters worse, Needham is out today with a new investment note that purports to introduce a healthy dose of skepticism around Tesla's growth levers. As mentioned above, Tesla's sales in the EU plunged 47.7 percent year-over-year in January 2025, materializing at just 5,517 units against a sales figure of 10,556 units that Tesla recorded […]
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