Why Li Auto Stock Shot Up 4% Today
LI AUTO(LI) 24/7 Wall Street·2024-05-07 05:51
Why Li Auto Stock Shot Up 4% Today Bigc Studio / Shutterstock.com With all three of the major market indices gaining ground today, many stocks were seeing green, not least Li Auto (NYSE: LI). The Beijing-based company, which competes with U.S. EV leader Tesla (Nasdaq: TSLA), is benefiting from robust orders for its affordable L6 model, its maiden vehicle priced in the $41,452 area. Investors rewarded the stock with a 4% gain, catapulting Li Auto shares closer to the $30 level. Li Auto stock has been on a ...