Li Auto announced on Monday that it has cut prices by approximately 5% on its L7, Li L8, Li L9, and Li MEGA models. The company also said it would offer cash refunds to owners who had bought those models earlier in 2024. The move comes after Tesla, Inc. and BYD also cut prices in China.
Last week, Lucid revealed new details about the 2024 Lucid Air Grand Touring, including an EPA-estimated range of 516 miles, the longest range of any EV in the U.S. market currently, and a starting price of $109,900.
Bitcoin completed its fourth halving event last Friday and is currently trading up 1.56% over the last 24 hours. Microstrategy CEO Michael Saylor sees the halving as a catalyst for the price of bitcoin due to decreased selling pressure which will allow the price to go up. "You're going to see $12 billion of natural selling per year converted into $6 billion of natural selling per year," Saylor said.
Agba shares are moving on heavy trading volume Monday with more than 183 million shares already traded in the session. According to data from Benzinga Pro, the stock has a float of just over 18 million shares.
Arm shares are down nearly 30% over the past five days as earnings from ASML Holdings and Taiwan Semiconductor Manufacturing Company have put pressure on the semiconductor sector.