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Tesla (TSLA) shares edged lower Monday after the carmaker unveiled a fresh round of U.S. price cuts, raising further questions about the health of EV demand heading into the early months of the year.
Tesla shares have shed more than $200 billion in value over the past six months and are by far the worst-performing stock of the so-called Magnificent 7 tech giants as investors continue to reprice the group in the face of a pullback in demand, slumping profit margins and headline risks tied to CEO Elon Musk.