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Tesla Stock Plummets Amid Market Uncertainty and Leadership Speculation

The recent downturn in Tesla's stock has raised many eyebrows among investors and industry analysts alike. Despite a relatively subdued overall market, Tesla's shares have experienced significant volatility, prompting a closer look at the factors fueling this decline.

Weak Chinese Delivery Data Sparks Demand Concerns

One of the primary reasons cited for Tesla's stock tumble is the reality of underwhelming delivery figures in China. Data from the latest week shows Tesla delivering approximately 10,254 units in China, a notable drop from nearly 13,000 units the previous week. This decline has rekindled fears about weakening demand within China, a crucial market for the EV maker.