Li Auto Stock Drops on Lower Expected Deliveries, Casting Doubt on EV Demand
$Li Auto(LI.US$ $Tesla(TSLA.US$ $BYD COMPANY(01211.HK$ $NIO Inc(NIO.US$ $XPeng(XPEV.US$ The article reported that shares of Chinese electric-vehicle maker Li Auto fell Thursday after the company said that first-quarter car deliveries would significantly undershoot prior estimates.
Comment: This will bring shockwave to the EV stocks. The stock fell 7% yesterday at close and will likely fall further affecting other EV stocks.
Source:
$BYD COMPANY(01211.HK$ $BYD Co.(BYDDF.US$ $S&P 500 Index(.SPX.US$ $Nasdaq Composite Index(.IXIC.US$ $Tesla(TSLA.US$ $VOLKSWAGEN A G(VWAGY.US$ $NIO Inc(NIO.US$ $Li Auto(LI.US$ $XPeng(XPEV.US$ $General Motors(GM.US$ $Ford Motor(F.US$ $Rivian Automotive(RIVN.US$ $MERCEDES-BENZ GROUP AG(MBGAF.US$ $TOYOTA MOTOR CORP(TOYOF.US$ $GEELY AUTO(00175.HK$ $Stellantis NV(STLA.US$
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I reflected trading experiences by writing journals. My comments are for educational purposes not financial advice.
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sentosa island : That's right? It's also a drop. Why would this news be amplified
ZnWCOP sentosa island: Li Auto EV stock dropped 7% yesterday triggered the EV stocks sell-off. Media will likely to find an excuse to blame Tesla instead of themselves.
sentosa island : Yes, there is a panic sale of film and hair
ZnWCOP sentosa island: The media started to blame Tesla - many started to quote Barron's post.