EV Demand

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Illustration of Tesla stock decline on Wall Street amid slumping EV sales and showroom with unsold cars.
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Tesla stock declines over 2% on weakening EV demand

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Tesla shares fell more than 2% on Monday amid concerns over slumping electric vehicle sales and rising investments in AI and robotics. U.S. EV demand dropped 30% year-over-year in January, partly due to the end of a federal tax credit. The decline comes as the company plans to double its capital spending to $20 billion for ambitious projects like robo-taxis.

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