"Weak Demand": Goldman Lowers Tesla Vehicle Delivery Estimate For Quarter
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Corporate media was out in full force on Wednesday, eagerly highlighting new data showing that Tesla sales in Europe plunged in February. These outlets claim that Elon Musk has alienated some EV buyers who oppose his DOGE initiative, which supports the president's efforts to drain the DC swamp of corrupt officials and NGOs.
Successive reports of slowing EV sales led to an abrupt top in Tesla shares in mid-December, around the $479 handle, and have since plunged 43% over the last few months. This bear market appears to be approaching the round-trip point of the post-election rally.