Li Auto's shares went up in June because the company's monthly deliveries and the new L9 SUV's orders exceeded market expectations.
My future outlook for Li Auto's stock price performance is that the company's shares will be range-bound in the short term, considering LI's valuations and growth prospects.
I rate Li Auto as a Hold, as I don't see LI's positive share price momentum being sustained due to fair valuations and a mixed business outlook.
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