$Shopify(SHOP)$ reported a surprise loss in its fiscal first quarter financial report.
Shopify's adjusted earnings, which excludes the one-time expenses, beat estimates however, posted a loss of 21 cents per share, while analysts had expected the company to post earnings of 9 cents once those charges are included.
$Rivian Automotive, Inc.(RIVN)$ financial report fell short of Analyst's earnings expectations with wider than expected loss to start the year, as Rivian works to revamp its manufacturing operations and boost output of electric vehicles.
$Li Auto(LI)$ have formed an intermediary swing high in recent price movement, this is a sign of weakness.
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