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LI - Why Electric-Vehicle Stocks Are Getting Clobbered Today
Li Auto Inc.
Shares of electric-vehicle and related companies were selling off on Thursday afternoon, a day after an investment-management company that has been a prominent investor in Tesla (NASDAQ: TSLA) said that it had reduced its stake in the Silicon Valley electric-vehicle (EV) maker.
Here's where things stood for the group as of 1:15 p.m. EDT on Thursday, relative to their closing prices on Wednesday.