To The Moon

$Li Auto(LI)$ reported its Q1 2023 earnings on 10/5 (Wed): ⭐️ Analysts polled by FactSet expected LI to report earnings of 5 cents per share, down 25.5% from 7 cents a year ago. Revenue was seen rising 92% to $2.731 billion. However, LI reported earnings of 20 cents a share on revenue of $2.74 billion. In local currency terms, LI’s earnings nearly tripled, year over year, and revenue nearly doubled🥳🥳🥳🐂🐂🐂🐂 ⭐️ Q1 sales came in at 52,584 EVS easily outpacing NIO’s sales, though at the lower end of its own forecast for 52,000-55,000 vehicles 🕵🏻‍♀️🕵🏻‍♂️Outlook: ⭐️ For Q2, LI expects to deliver 76,000-81,000 EVs, up sharply from a year ago🥳 ⭐️ It has already reported a record 25,681 deliveries for April🥳 🐂🐂🐂 The startup sees Q2 revenue of $3.53 billion-$3.77 billion, well above estimates. That would be up 177%-196% in local currency terms 🆚 Q2 2022, when Covid shutdowns affected production & sales. ⭐️ LI specialises in premium hybrid-electric vehicles but is starting to shift toward all-electric or battery-electric vehicles, catching up with $NIO Inc.(NIO)$ Bullish$XPeng Inc.(XPEV)$ Bullish for investor's interest. The startup is starting to outstrip NIO as a lead rival to $Tesla Motors(TSLA)$ Bearish in 🇨🇳, amid an EV price war. LI sold a record 25,000 cars in April, led by the popular new L7 SUV, a Model Y rival. 🐂 LI continued to outsell rivals NIO & XPEV in the 1st 4 months of 2023, after outpacing them last year. ⭐️ Comparing the local 🇨🇳 EV start-ups, year-to-date through 9/5, LI flourished a 35.4% gain🥳🥳🥳 That compared with a 2.4% gain for XPEV🐻 & a 13.8% decline for NIO🐻🐻 BYD stock was up 26.7%🐂🐂 🚨 A quick overview of the EV shares prices clearly shows that 🌟Grade EV Stocks🌟 are BYD, TSLA, LI, while the rest are just playing catch-up. TSLA hasn’t be successful in breaking the $200 mark. $Rivian Automotive, Inc.(RIVN)$ Bullishalso released its earnings on 10/5, reporting a narrower than expected Q1 loss amid EV delivery forecasts. Investors cheering a better than expected report. 💡My Investing/Trading Analysis: 🐂🐂🐂 LI🚀🚀🚀 13.93 % to close at $28.22 in regular trading hours after earnings. It hit a low of $26.11 when investors digested the inflation data but as the 🇺🇸 stocks recovered, it hit a high of $29🥳🥳🥳 It rallied above the 50-day moving average & topped an early entry at $26.37, just above the 17/4 high. It's been rebounding again after a breakout from a double-bottom base failed. LI also cleared an official buy point of $27.58 on 10/5🐂🐂🐂 💡 Given the recessionary-risk ahead, I expect all 🇺🇸 stocks to eventually pullback, so I decided to take profits first last night so that I’ll have cash to buy the dip again. 👍 LI remains an excellent & top stock in my trading📝 as it’s a safe company to trade in my opinion with great functional cars. It’s unlikely to crash like regional🏦 I’ve traded LI twice (see blue arrow) & have been happy so far with my profits😃🤗🥳 Fellow 🐯🐯🐯 Trade Safe in this volatile period❣️Follow me if you enjoy reading analytical stock research🔍 presented in a fun & easily understandable way😉 & for the Latest Stock & 🗞🗞🗞 Updates🕵🏻‍♀️❣️ Please help to click on the “Like” & “Share/Repost” buttons at the Bottom Right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰 You will Greatly Encourage Me❣️ As usual-🤔💭 Consider POV & Actions of Investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰 @TigerStars @CaptainTiger @MillionaireTiger @Daily_Discussion