Already they are facing resistance, what about TSLA? In tandem with LI's forecast for Q2?

Li Auto Dropped 12% After Profit Fell on Higher Operating Expenses

Li Auto press release : Q1 Non-GAAP EPADS of $0.17 misses by $0.03. Revenue of $3.6B misses by $200M. Total deliveries for the first quarter of 2024 were 80,400 vehicles, representing a 52.9% year-over-year increase. Net cash used in operating activities was $462.9 million in the first quarter of 2024. Free cash flow was negative $700.1 million in the first quarter of 2024. In April 2024, the company delivered 25,787 vehicles, representing an increase of 0.4% from April 2023. Cash position was $13.7 billion as of March 31, 2024. Business Outlook For the second quarter of 2024, the company expects: Deliveries of vehicles to be between 105,000 and 110,000 vehicles, representing an increase of 21.3% to 27.1% from the second quarter of 2023. Total revenues to be between RMB29.9 billion and RMB31.4 billion , representing an increase of 4.2% to 9.4% from the second quarter of 2023.
Li Auto Dropped 12% After Profit Fell on Higher Operating Expenses
# Plunge 18%! At What Price Would You Bottom LI?

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