Li Auto Stock Falls on Chinese EV Maker's Weaker-Than-Expected Profit, Outlook
1. Li Auto's Q1 profits missed analyst expectations. 2. Adjusted earnings were 0.96 yuan, below the forecast of 1.03 yuan. 3. Q2 delivery and revenue projections are also below forecasts. 4. Shares fell over 4% before market opening, despite a 16% YTD increase. 5. The company delivered 92,864 vehicles, exceeding expected unit deliveries.