Tesla Stock Extends Selloff; ‘Politicized’ Brand Faces Backlash
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Shares are so far on pace for another weekly decline, having fallen for eight consecutive weeks though Friday. The stock has roughly halved since hitting a record high in December—but Heard on the Street columnist Dan Gallagher argues it still isn't a bargain. Analysts at Oppenheimer expressed concern Tuesday about the Tesla brand becoming "increasingly politicized" and said it needed to show it could both attract conservative-leaning customers, and progress on its autonomy and AI initiatives.