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Is Tesla cooked?The CEO is absent, the stock is plummeting, and the brand is toxic. Tesla’s future looks grim.
The Trump bump gives way to a slump.
“I’m going to buy a brand new Tesla tomorrow morning as a show of confidence and support for Elon Musk, a truly great American,” President Donald Trump wrote on Truth Social on Monday. He first mentioned it in a 2018 interview, saying, “A $25,000 car, that’s something we can do.” Then, in 2020, at the company’s first Battery Day event, he speculated that Tesla could eventually produce upward of 20 million of these vehicles in a year — or roughly twice the current production of Toyota, GM, or Volkswagen. And even more are protesting outside Tesla showrooms as part of a grassroots effort to oppose Musk’s takeover of the federal government, damage the company’s stock price, and maybe even slash the world’s richest man’s net worth.
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