EV stocks fall after Tesla cuts prices
** Shares of EV stocks fall in premarket trade after Tesla TSLA.O cuts prices for its EVs in major global markets including United States
** TSLA down 1.4% at $133.65 premarket
** Following suit, Chinese automaker Li Auto 2015.HK, LI.O cuts prices by around 5% on four of its five models; says it will refund owners who bought those models earlier
** U.S.-listed shares of Li Auto LI.O down 7.2%, Nio NIO.N down 1.3%, Xpeng XPEV.N down 4.3%
** Faraday Future FFIE.O down 1.9% at about 5 cents
** TSLA has been in a price war with peers as co grapples with falling sales
** TSLA's stock lost 41% in market value in 2024
Reporting by Pranav Kashyap in Bengaluru
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