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Tesla's shares fell by 4% amid broader market declines and the recall of over 375,000 vehicles due to steering issues in some 2023 Model 3 and Model Y cars. This stock drop was influenced by consumer concerns emanating from weaker retail forecasts and a significant dip in consumer sentiment, which revealed rising inflation expectations. While some analysts maintain a positive outlook, others foresee challenges in upcoming sales, particularly in China and Europe.
Source: YAHOO