XPeng (XPEV) stock is in focus after the Chinese electric vehicle (EV) maker reported better-than-expected third quarter results, shrinking its losses expected for the quarter. The stock initially traded higher today, but it reversed after a Citi analyst raised concerns about demands for its high-end vehicles.

Yahoo Finance Auto Reporter Pras Subramanian breaks down the move and what it signals about the increasing EV competition in China on today's Market Domination.

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Naomi Buchanan.