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Tesla stock is dropping on a report that its low-cost vehicle will be delayed to 2026

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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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71

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71

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formal

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English

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42

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short-lived

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