Why Li Auto Stock Tumbles over 5% Tuesday

Motley Fool04-23

Li Auto is a leading electric car manufacturer in China.The company is reducing prices on five models.Citigroup lowered its price target on Li Auto stock.Extending a slide that saw shares of Li Auto ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Li Auto Stock Tumbles over 5% Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-23 10:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/04/22/why-li-auto-stock-is-tumbling-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Li Auto is a leading electric car manufacturer in China.The company is reducing prices on five models.Citigroup lowered its price target on Li Auto stock.Extending a slide that saw shares of Li Auto ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/04/22/why-li-auto-stock-is-tumbling-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4526","symbol_name":"热门中概股","start_time":0,"source_url":"https://www.fool.com/investing/2024/04/22/why-li-auto-stock-is-tumbling-today/","article_id":"2429971803","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2429971803","pubTimestamp":1713839284,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"There's more than one reason why investors are keeping their distance from this EV stock today.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4526":"热门中概股","BK4099":"汽车制造商","BK4503":"景林资产持仓","02015":"理想汽车-W","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4555":"新能源车","BK4588":"碎股","BK4563":"昨日强势股","BK4585":"ETF&股票定投概念","LI":"理想汽车"},"translate_title":"为什么理想汽车股市周二下跌超过5%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02015":1.1,"LI":1},"content_text":"Li Auto is a leading electric car manufacturer in China.The company is reducing prices on five models.Citigroup lowered its price target on Li Auto stock.Extending a slide that saw shares of Li Auto plunge more than 10% last week, the electric car stock is driving lower today as investors wrestle with news that the company is slashing prices on its vehicles as well as news that an analyst has lowered the price target of Li Auto's stock.Shares of Li Auto tumbled 5.57% on Monday.Price cuts are only one factor powering the sell-off todayLi Auto is lowering the price tags on five electric vehicle (EV) models as it tries to remain competitive with its EV peers in China. According to Reuters, Li Auto is cutting prices between approximately $2,500 and $4,100 on its Li L7, Li L8, Li L9, and Li MEGA models. Customers who had bought these vehicles earlier in 2024 will receive refunds. The company's decision to lower prices comes amid actions from EV manufacturers Tesla and BYD, which have also lowered the price tags on their vehicles recently.Another source of Li Auto investors' discontent today is coming from Citigroup. While Citigroup maintains a buy rating on Li Auto stock, it sees less upside, slashing its price target to $43.60 from $48.50. In addition to questions about the company's L6 orders, Citigroup thinks that Tesla's price cutting initiative will continue to impact EV peers, according to TheFly.Is now a good time to steer clear of Li Auto stock?Between the price war that Li Auto seems to be embroiled in right now and Citigroup's lower price target, it's unsurprising that the stock is plummeting today. For those interested in hitching a ride with Li Auto stock, it may be wise to wait for some stability in the marketplace and to see how the price cuts affect the company's financials. Fortunately, there are plenty of other EV stocks for investors to consider in the meantime.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429971803"}