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Tesla (TSLA) stock has struggled so far this year. The electric vehicle (EV) giant faces a range of short-term challenges that weigh heavily on its stock performance. Its vehicle deliveries have been underwhelming, and macroeconomic concerns have weighed on EV demand.
Further, the highly competitive Chinese EV market has put additional pressure on the company and its stock price. Additionally, CEO Elon Musk’s controversial involvement in the Department of Government Efficiency (DOGE) has impacted the company’s reputation.