The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) closed up 4.47% at $2.22 on January 22, as Tesla shares fell 1.96% to $415.75 amid a confluence of market pressures. Tesla's decline was influenced by the federal government's announcement on January 21 to eliminate the $7,500 EV tax credit, which is expected to increase the cost of electric vehicles and potentially dampen demand. Additionally, Tesla's brand value saw a 26% y/y decline, partly attributed to CEO Elon Musk's controversial public persona, which has led to a significant number of Tesla owners in the Netherlands considering selling their vehicles. The broader market sentiment was also affected by President Trump's executive order to roll back EV-focused initiatives, including halting funding for charging infrastructure development and rescinding California's ability to enforce stricter emissions standards. These policy changes could disrupt Tesla's market position and impact its growth trajectory in the U.S.