Tesla Inc (NASDAQ:TSLA) is in the spotlight after an analyst discussion. Aswath Damodaran, NYU Stern School of Business professor of finance, trimmed his stake in Tesla due to concerns about its political nature. Despite Elon Musk’s efforts, Tesla faces a demand crisis with global sales falling, especially in California.

Musk’s $1 billion TSLA share buyback briefly boosted Tesla’s stock. However, the EV company struggles as competitors rise, with global sales dropping 14% year over year in the second quarter. In California, Tesla’s market share fell from 60.1% in 2023 to 52.5% in 2024, despite a rise in electric car purchases.

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Read more at Yahoo Finance: Dean of Valuation Aswath Damodaran Tells Why He Sold Tesla (TSLA) Shares