Chinese EV Stocks Decline Following Tesla's Robotaxi Announcement (TSLA)

Oct 11, 2024

Chinese electric vehicle (EV) stocks experienced a decline after Tesla's (TSLA, Financial) Robotaxi event fell short of expectations, causing a significant drop in Tesla's stock by nearly 8%. This downturn affected the broader EV sector.

As of the latest update, Li Auto (LI) shares decreased by 0.87%, NIO (NIO) fell by 0.79%, and XPeng Motors (XPEV) dipped over 1%.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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