Looking for an Alternative to Tesla Stock? Li Auto Offers Big Potential. [Yahoo! Finance]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance
Despite some recent challenges, Li Auto (NASDAQ: LI) offers a compelling alternative. Li's stock was flying high after great earnings report in February, but then its Mega model tanked and the stock plummeted after the company slashed Q1 2024 delivery guidance. With aggressive internal goals of 8,000 units per month, the Mega was intended to be Li's first attempt at an EV play to draw in new customers. However, consumers weren't buying and orders were far below expectations. CEO Li Xiang sent out an internal memo in March admitting the company misjudged the market. He acknowledged that the new EV strategy was a misstep and that Li needs to refocus on delivering value and a quality user experience. Investor confidence isn't very bullish either. Even Wang Xing, the Meituan founder who was a major Li Auto investor, recently sold off more shares for over $500 million HKD. Moves like that are frightening investors. What the market is missing There are still reasons to be bullish
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LI
News
- Li Auto Inc. Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky for More Information - LIAccesswire
- LI LAWSUIT ALERT: Levi & Korsinsky Notifies Li Auto Inc. Investors of a Class Action Lawsuit and Upcoming DeadlineAccesswire
- Stockholder Alert: Robbins LLP Informs Investors that a Class Action Has Been Filed Against Li Auto Inc. (LI)GlobeNewswire
- Nio Is Launching a More Affordable Brand in Direct Challenge to Tesla [BNN Bloomberg (Canada)]BNN Bloomberg
- Is Now the Time to Buy Li Auto Stock? [Yahoo! Finance]Yahoo! Finance
LI
Sec Filings
- 5/7/24 - Form 6-K
- 5/1/24 - Form 6-K
- 4/30/24 - Form SC
- LI's page on the SEC website