Tesla shares came under pressure on Monday after a report that Germany's SAP was no longer planning to buy electric cars from the U.S. automaker and on Piper Sandler's price target cut on the stock, citing lower delivery expectations this year. Shares of the Elon Musk-led company fell 4 percent to $180.46 in late afternoon trading, hitting their lowest since May 2023. If losses hold, the world's most valuable automaker could lose nearly $24 billion in market capitalization. That adds to $193 billion the stock has lost up to Friday's close after the company last month forecast "notably lower" growth for deliveries in 2024, compared with a 21-percent rise last year. READ: Tesl...Keep on reading: Tesla falls on SAP snub report, Piper Sandler price target cut