00:00It's Benzinga bringing Wall Street to Main Street.
00:02Tesla's brand value fell 26% in 2024, marking a second consecutive annual decline,
00:07this according to research and consulting firm Brand Finance.
00:10An aging vehicle lineup and CEO Elon Musk's controversial public behavior
00:14are key factors in this decline.
00:17Tesla's brand is now valued at $43 billion, down from more than $58 billion in 2024
00:22and over $66 billion in 2023.
00:25Tesla's 2024 deliveries fell 1%,
00:27despite rising global demand for electric vehicles.
00:30Tesla's stocks surged to a record high though after Donald Trump's election,
00:34supported by Elon Musk's substantial financial contributions to Republican campaigns
00:40and potential influence in the new administration.
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