SonnyM
05-21

$Li Auto(LI)$  down by half. Listed at 11.50, wonder if it goes back there

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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