Chinese EV Maker Li Auto Misses Q1 Revenue Expectations Despite Surging Vehicle Sales, Stock Tanks - Li Auto (NASDAQ:LI)

Li Auto (LI) reported Q1 2024 revenue of $3.55B, missing analyst estimates. Net earnings per ADS also missed estimates. Vehicle sales and deliveries increased. Q2 outlook predicts $4.1B - $4.3B in revenue and 105K - 110K vehicle deliveries.

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