why is it dropping 10pct today?
$Li Auto (LI.US)$ why are you all selling when the other Chinese EVs are green? just because of a rumor that new model is selling less than expected? How is that worth 10%? what am I missing here?
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Cui Nyonya Kueh : due to xpeng.. today fed announcement too. many red..
103054907 OP Cui Nyonya Kueh : but Nio and BYD are green. why is li auto who did 9.3k deliveries reporting last week is afraid of xpeng who did 1.8k last week?
Cui Nyonya Kueh 103054907 OP : they are not looking good now. due to profit taking .
Hawaii Man : Because all the other EVs were losing and Li was gaining last several days.
bullrider_21 : Stocks always over-react. The other PHEV models are doing well. The BEV model is facing price competition from rivals. Losing some sales to BYD, Xpeng and Huawei Aito.