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home / news releases / LI - Tesla Stock: Stay Away From It

LI - Tesla Stock: Stay Away From It

Li Auto Inc.

2024-06-28 11:51:36 ET

Summary

  • Tesla, Inc.'s latest earnings show deteriorating fundamentals, with a 9% drop in revenue and a 55% decline in net profit margin.
  • EV deliveries have decreased, operating expenses have increased, and the stock price remains high compared to competitors.
  • Risks to a bearish thesis include potential innovations, market share growth in China, and strong global EV sales.
  • But the stock is highly expensive, while the recent news is not encouraging.

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For further details see:

Tesla Stock: Stay Away From It
Stock Information
Company Name: Li Auto Inc.
Stock Symbol: LI
Market: NASDAQ
Website: lixiang.com
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