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Tesla stock tumbles over 10%, wiping out post-election gains as demand worries continue to weigh

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Summary
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72% Informative

Tesla stock fell more than 10% on Monday as another bearish call from Wall Street sent shares to their lowest level since the day before the presidential election.

UBS now expects the company to deliver 367,000 cars in the first quarter , down from 437,000 it said it had "plugged in as a placeholder" after Tesla 's fourth quarter results in late January .

With Monday 's drop, Tesla stock has now forfeited more than all of its post-election gains.

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