- The stock price of Li Auto (LI) fell by over 1.4% pre-market today. This is why.
The stock price of Li Auto (LI) fell by over 1.4% pre-market today.
Why: Li Auto provided an updated delivery outlook for the third quarter of 2022.
Details: The company now expects to deliver approximately 25,500 vehicles for the third quarter of 2022, revised from the previous vehicle delivery outlook of between 27,000 and 29,000 units. And the revision is a direct consequence of the supply chain constraint, while the underlying demand for the company’s vehicles remains robust. Plus the company will continue to closely collaborate with its supply chain partners to resolve the bottleneck and accelerate production.