Tesla stock plummets 8%, erasing 91% gain

Tesla's stock fell about 8% to $241 on Monday, marking its lowest price since November 4, 2020. This decline erases a previous 91% gain, as concerns grow over declining vehicle deliveries and broader tech stock losses. UBS analysts predict a 5% drop in Tesla's 2025 vehicle deliveries, contradicting expectations of 12% growth. This marks the second consecutive year of negative growth for the company, contributing to the stock's significant decline. Elon Musk's net worth dropped by $12 billion to $330 billion, down from a peak of $464 billion in December. Tesla's stock has fallen over 50% from its all-time high, impacted by economic concerns and lower sales in key markets.