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Li Auto Stock Drops on Disappointing Q3 Earnings and Weak Q4 Guidance
Li Auto Stock Drops on Disappointing Q3 Earnings and Weak Q4 Guidance
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BTCCSquare news:
Li Auto's Q3 earnings fell short of Wall Street expectations, with revenue plunging 39% year-over-year to RMB 27.4 billion ($3.8 billion). The Chinese EV Maker cited weaker demand, supply chain disruptions, and costs from a safety-related recall of 11,000 Mega MPVs. A net loss of RMB 624.4 million ($87.7 million) marked a stark reversal from last year's profit.
Q4 delivery guidance of 100,000-110,000 vehicles missed analyst projections by ~25%, signaling intensifying competition in China's EV market. The pre-market stock decline reflects growing investor concerns about margin pressures and operational challenges.
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