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Recently, U.S. stock markets have experienced a series of sharp declines, with the technology sector at the forefront of the downturn. Notably, Tesla's share price plummeted by over 10%, leading to a staggering $31 billion reduction in Elon Musk's personal fortune and accumulating annual losses of $130 billion. The financial report for Tesla's first quarter of 2025 revealed a concerning 13% year-on-year decline in global vehicle deliveries, with particularly pronounced drops in sales within the European market. Adding to Tesla's woes, multiple arson incidents have further complicated the company's situation. Consequently, Wall Street investment banks have revised downward their price targets for Tesla, and investors have voiced significant concerns regarding the company's future growth potential.
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