Tesla stock drops 6%; Barclays cuts target
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Business & Economics
Tesla stock is dropping on a report that its low-cost vehicle will be delayed to 2026
67% Informative
Tesla stock dropped 6% on Monday , extending its year-to-date decline to 43% .
The drop followed a Reuters report that said Tesla is delaying its low-cost vehicle until 2026 .
Barclays cut its price target, citing lower deliveries and profit margins.
The potential delay is likely dismaying for investors as they prepare to digest the carmaker's first-quarter earnings report this week .
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