Li Auto Stock Plunges to $15.30 on Forecasted RMB2.08 Q1 Loss
LI•LI•LI•LI•Li Auto’s shares dropped to a 52-week low of $15.30 as analysts predict a Q1 loss of RMB2.08 per share, reversing last year’s profit. April deliveries fell 17% month-over-month to 34,085 vehicles, pressured by price cuts, tariffs and rising manufacturing costs in China’s EV market.
Li Auto’s stock slid to a 52-week low of $15.30 ahead of its fiscal Q1 earnings report, as analysts project a loss of RMB2.08 per share compared with a profit in the prior year. The reversal underlines growing margin pressure in the company’s financial outlook.
In April, Li Auto delivered 34,085 vehicles, marking a 17% month-over-month decline driven by intensified price cuts across China’s EV market. Additional headwinds include foreign tariffs and rising manufacturing costs that are eroding per-unit margins.
Despite the slide, retail investor sentiment around the stock turned bullish from bearish in the lead-up to the earnings release, suggesting expectations of a potential rebound or positive surprises in the forthcoming report.
