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More Bad News For Tesla Stock: Ford And Toyota Are Thriving

Tesla (NASDAQ:TSLA) investors have had a miserable year. The stock is already down more than 20% in 2024. And it could get worse for Elon Musk before it gets better.

That’s because two of the electric vehicle maker’s biggest traditional automotive rivals… Ford (NYSE:F) and Toyota Motor (NYSE:TM) just both reported phenomenal results, in large part due to the success of their hybrid offerings.

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This post appeared first on InvestorPlace.