Why Li Auto Stock Is Tumbling Today

There's more than one reason why investors are keeping their distance from this EV stock today.Extending a slide that saw shares of Li Auto (LI -6.05%) plunge more than 10% last week, the electric car stock is driving lower today as investors wrestle with news that the company is slashing prices on its vehicles as well as news that an analyst has lowered the price target of Li Auto's stock.As of 11:55 a.m. ET, shares of Li Auto have fallen 5.8%, recovering slightly from their earlier decline of 8.6%.Price c ...