US electric vehicle maker $Tesla (TSLA.US)$ would lay off 10...
US electric vehicle maker $Tesla(TSLA.US$ would lay off 10% of its global workforce, and the market is concerned about competition in the auto market. Car stocks $LI AUTO-W(02015.HK$ , $GWMOTOR(02333.HK$ , $LEAPMOTOR(09863.HK$ and $XPENG-W(09868.HK$ retreated 4.7% to 5.6%, while $BYD COMPANY(01211.HK$ dropped 1.4%. $NIO-SW(09866.HK$ cratered 10.2%.
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