Tesla fell more than 10%, with the cumulative decline over the last five trading days expanding to over 12.8%

The Bloomberg Electric Vehicle Price Return Index showed a V-shaped trend during the day, currently turning down and approaching 2507 points. At 09:34 Beijing time, it had risen to 2531.44 points.

Among the constituent stocks, Aneka Mining Co. (ANTM) fell 8.59%, closely following Tesla's performance. "Tesla's rival" Rivian rose 3.1%, Nio increased by 3.69%, ranking ninth, Albemarle rose 4.11%, Porsche P911 increased by 4.32%, Volvo Cars rose 8.3%, ranking second, and Luoyang Luanchuan Molybdenum Group closed up 8.62%, the largest increase

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