Li Auto (LI US): 1Q24, A List of Bad News

⬇ $Li Auto (LI)$ - Operating profit turned negative due to the price war and the failure of new model. Sales volume disappeared from the industry top-10 list and revenue growth slowed down to zero in April.

Continue reading on Smartkarma:- https://www.smartkarma.com/insights/li-auto-li-us-1q24-a-list-of-bad-news?utm_source=tiger_community

By Ming Lu, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/ming-lu?utm_source=tiger_community

On Li Auto (LI):- https://www.smartkarma.com/entities/li-auto-inc?utm_source=tiger_community

Plunge 18%! At What Price Would You Bottom LI?

Li Auto announced its Q1 2024 results, with net profit declining quarter-on-quarter. The financial report shows that in the first quarter of 2024, Li Auto's total revenue was 25.6 billion yuan, of which automotive sales revenue was 24.3 billion yuan, a year-on-year increase of 32.3% but a quarter-on-quarter decrease of 39.9%. ----------- At what price would you bottom Li Auto? What's your target price after the earnings plunge?

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