Ant Design Form Label Ellipsis not working properly

Does anyone know how to add ellipsis in the antd form labels and set it dynamic ?

Here's my Form Code

  <Form
      form={form}
      labelCol={{ span: 8 }}
      wrapperCol={{ span: 16 }}
      onFinish={onFinish}
    >
        <Col span={8}>
          <Form.Item
            name="Placeholder input"
            label={
              <Typography.Text ellipsis={{ tooltip: "Placeholder input }} >
                Placeholder input
              </Typography.Text>
          }
          >
            <Select placeholder="Search by Type" notFoundContent={null} />
          </Form.Item>
        </Col>
    </Form>

Ellipsis for text label are not working properly. It's showing like this

Can anyone help with this ?