LI Stock Alert: Why Li Auto Is Skidding Out Today

The shares of Chinese plug-in hybrid and electric vehicle (EV) maker Li Auto (NASDAQ:LI) are tumbling today after the company reported weaker-than-expected first-quarter results. LI stock is sinking over 10% in early trading. The firm’s Q2 revenue guidance also came in well below analysts’ average estimate.Li’s Q1 Miss and Guidance ShortfallLi reported Q1 earnings per share of 17 cents versus analysts’ average estimate of 20 cents. On the top line, its revenue came in at $3.6 billion, missing the mean outlo ...