Why Tesla's Rival Li Auto Is Crashing Today

Why Tesla's Rival Li Auto Is Crashing Today Mario Tama / Getty Images News via Getty Images While all eyes have been on Tesla’s (Nasdaq: TSLA) electric vehicle (EV) cost-cutting measures, Beijing rival Li Auto (Nasdaq: LI) got swept up in the selling pressure too, with shares down 8.5% at their lowest point today. While the stock has come off its lows of the session, it remains below the $25 threshold as investors prove they’ve got their eyes on the exit sign. In early April, LI shares were hovering near ...