Li Auto Gains Ground🚀 While TSLA, NIO, XPEV Fades In Comparison
⭐️ 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😃🤗🥳
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The best Chinese EV maker. Congrats to the longs. We brought up LI so quickly and strongly. It is the first new Chinese EV maker that achieved profitability in a short time.
With price target upgrades and buy rating reiterations, LI stock, pretty range bound for the last three years, should see a move further up in that range to say, 32, easy-peasy.
Referring to TSLA, this stock should be in 150 but its does not mean that TSLA is worth thee current price.
Congrats longs. Nice break out from this looong 6 month range.
The best Chinese EV maker. Congrats to the longs. Excellent management! They brought up LI so quickly and strongly and it is the first new Chinese EV maker that achieved profitability in a short time.
Referring to TSLA, this stock should be in 150 but its does not mean that TSLA is worth thee current price.
Li Auto's PT raised by Morgan Stanley to $40.00
With a solid earning report like we had this stock will be trading in the middle 30’s shortly.
I believe we will get a strong but rating from a bank and soar
Let’s soar to 49s the. We can all wet and have a toast