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    With TSLA current stock price sitting at $199.54, short interest has declined slightly to 3.5% of float, hinting that bearish conviction may be weakening in the short run. Long-term investors have a lot to think about. Where will Tesla be in 10 years? Why is Adam Jonas so bearish on EVs in 2026? Last month, tax credits for EV buyers were eliminated. That essentially adds up to $7,500 to the price tag of most EV purchases. Don't underestimate the upcoming impact. While more consumers are interested in an EV for their next vehicle purchase, these consumers are also increasingly cost conscious. According to Eric Bradlow, an expert on EV demand at The Wharton School, "consumers considering an EV or hybrid are more pragmatic and cost-conscious than current EV owners." TSLA current stock price at $199.54 is showing muted correlation with crude oil prices recently, suggesting energy cost fluctuations are less dominant in its current valuation dynamics.

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