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Li Auto Inc (NASDAQ: LI) posted quarterly earnings on August 8, 2023.
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Despite the company’s better-than-estimated earnings result, Li Auto stock price dwindled.
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Li stock fell over 18% since the earnings release.
The electric vehicle (EV) space is one of the hot sectors within the broader automobile industry. Chinese EV manufacturer Li Auto Inc. (NASDAQ: LI) recently posted quarterly earnings and the performance in the last several months cements the popularity of the growing sector. Even Li Auto stock price soared almost double in between the last two earnings reports.
Li Auto reported quarterly earnings on August 8th, 2023, posting better than the estimated results. However, the stock price did not take the optimism and saw a trend reversal.
Following the earnings, Li Auto stock price fell 18% within the last 2 weeks. It was in an uptrend for the past several months and consolidated for almost a similar time frame bef
We współpracy z: https://www.thecoinrepublic.com/2023/08/16/li-auto-stock-price-hits-high-of-47-rose-95-in-three-months/
