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Why Li Auto Stock Plunged Today
LILI AUTO(LI) The Motley Fool·2024-10-31 17:35

Li Auto's operating business is profitable, and it generated 1.3billioninfreecashflowinQ3.Chineseelectricvehicle(EV)makerLiAuto(LI−12.871.3 billion in free cash flow in Q3.Chinese electric vehicle (EV) maker Li Auto (LI -12.87%) reported better-than-expected third-quarter results, but the stock was still down by 12.9% today, as of 1:05 p.m. ET. EV sales in China have been relatively strong recently, and Li's results reflect that. Third-quarter deliveries of nearly 153,000 vehicles represented a 45.4% jump versus the prior-year period. And Li reported earnings per share of 0.26, ...