LI - Tesla and Chinese EV stocks slammed by regulatory concerns

Electric vehicle stocks are lower to start the week as more regulatory grumblings from Beijing impact the sector. State media in China is reporting regulations on online games could be tightened to ensure they don't misrepresent history. That does not directly impact EV manufacturers, but is cooling sentiment on U.S.-listed Chinese tech and auto stocks in general. Chinese EV stocks XPeng (XPEV -7.1%), Li Auto (LI -4.6%), Full Truck Alliance (YMM -5.0%) and Nio (NIO -6.4%) are all notably lower. There are big early drops for Faraday Future Intelligent (FFIE -8.8%), Romeo Power (RMO -9.4%), Hyzon Motors (HYZN -6.7%), HyreCar (HYRE -4.3%), Proterra (PRTA -1.5%) and Fisker (FSR -5.6%) as well. Tesla (TSLA -4.9%) is also spinning down from its premarket drop as investors weigh the impact of the formal NHTSA probe into Autopilot. That news arrives just ahead of Tesla's big AI Day event on Thursday that is supposed

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Tesla and Chinese EV stocks slammed by regulatory concerns