Li Auto Stock Drops as Q1 Revenue Outlook Lags Estimates
1. Li Auto projects lower sales of 23.4-24.7 billion yuan for Q1. 2. This represents a year-over-year revenue decrease of 8.7% to 3.5%. 3. Li Auto's expected revenue is below analyst estimates of 33.5 billion yuan. 4. Company faces strong competition from Nio, BYD, XPeng, and Tesla. 5. Shares have decreased over 25% in value over the past year.