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Revised Delivery Outlook Pressures Volatile EV Stock
LILI AUTO(LI) Schaeffers Research·2024-03-21 13:59

China-based Li Auto Inc (NASDAQ:LI) announced earlier it expects electric vehicle (EV) deliveries to come around 78,000 vehicles for the first quarter, as opposed to the 103,000 it previously anticipated, due to lower-than-expected order intake. The security is down 7.3% at 31.63thismorning.LiAutostock hassufferedseveralbeargapsinthepastmonththathaveplaceitbelowthe20−daymovingaverage,atrendlinethathadbeenactingassupportearlierthismonth.Overheadpressureatthe31.63 this morning.Li Auto stock has suffered several bear gaps in the past month that have place it below the 20-day moving average, a trendline that had been acting as support earlier this month. Overhead pressure at the 47 level tur ...