applicationcustomizers – React components not working in Customizer

I am trying to use react components following this tutorial. But when I load the page I am getting a bunch of errors in chrome console complaining about invalid relative path in loading react and react-dom.

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There is one more error after these errors:
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Here is the code I am using to load tthe top place holder:

        if (this._topPlaceholder.domElement) {
            const element: React.ReactElement<IProps> = React.createElement(
            ReactDom.render(undefined, this._topPlaceholder.domElement);

If I comment these lines , the error is gone. I checked the package json and node modules folder; react and reac-dom are added properly.

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What am I missing here?