Stock Track | Li Auto Stock Plunges as Q4 Guidance Disappoints, Competition Weighs on Growth Prospects

Stock Track

Nov 01, 2024

Shares of Chinese electric vehicle maker Li Auto (LI) plummeted by 13.89% on October 31, 2024, after the company reported its third-quarter earnings and provided a disappointing outlook for the fourth quarter.

While Li Auto beat analysts' expectations for Q3 earnings and revenue, its guidance for the fourth quarter fell short of estimates. The company expects to deliver between 160,000 and 170,000 vehicles in Q4, generating revenue in the range of $6.2 billion to $6.5 billion. However, analysts had projected higher revenue of $6.71 billion for the quarter.

Despite a 45% year-over-year increase in vehicle deliveries in Q3, Li Auto's revenue growth was much lower at 24%, indicating the impact of lower average selling prices amid intense competition and pricing pressure in the Chinese electric vehicle market. The company's margins were also affected by price cuts on flagship models and the low pricing of its new L6 SUV.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1124885253"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1124885253\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1124885253?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-01 06:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1124885253","market":"us","top_or_hot":-1,"title":"Stock Track | Li Auto Stock Plunges as Q4 Guidance Disappoints, Competition Weighs on Growth Prospects","media":"Stock Track","content":"<p>Shares of Chinese electric vehicle maker Li Auto (LI) plummeted by 13.89% on October 31, 2024, after the company reported its third-quarter earnings and provided a disappointing outlook for the fourth quarter.</p>\n\n<p>While Li Auto beat analysts' expectations for Q3 earnings and revenue, its guidance for the fourth quarter fell short of estimates. The company expects to deliver between 160,000 and 170,000 vehicles in Q4, generating revenue in the range of $6.2 billion to $6.5 billion. However, analysts had projected higher revenue of $6.71 billion for the quarter.</p>\n\n<p>Despite a 45% year-over-year increase in vehicle deliveries in Q3, Li Auto's revenue growth was much lower at 24%, indicating the impact of lower average selling prices amid intense competition and pricing pressure in the Chinese electric vehicle market. The company's margins were also affected by price cuts on flagship models and the low pricing of its new L6 SUV.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Li Auto Stock Plunges as Q4 Guidance Disappoints, Competition Weighs on Growth Prospects</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Li Auto Stock Plunges as Q4 Guidance Disappoints, Competition Weighs on Growth Prospects\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-11-01 06:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Chinese electric vehicle maker Li Auto (LI) plummeted by 13.89% on October 31, 2024, after the company reported its third-quarter earnings and provided a disappointing outlook for the fourth quarter.</p>\n\n<p>While Li Auto beat analysts' expectations for Q3 earnings and revenue, its guidance for the fourth quarter fell short of estimates. The company expects to deliver between 160,000 and 170,000 vehicles in Q4, generating revenue in the range of $6.2 billion to $6.5 billion. However, analysts had projected higher revenue of $6.71 billion for the quarter.</p>\n\n<p>Despite a 45% year-over-year increase in vehicle deliveries in Q3, Li Auto's revenue growth was much lower at 24%, indicating the impact of lower average selling prices amid intense competition and pricing pressure in the Chinese electric vehicle market. The company's margins were also affected by price cuts on flagship models and the low pricing of its new L6 SUV.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LI","symbol_name":"理想汽车","start_time":0,"source_url":"","article_id":"1124885253","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1124885253","pubTimestamp":1730414001,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chinese electric vehicle maker Li Auto  plummeted by 13.89% on October 31, 2024, after the company reported its third-quarter earnings and provided a disappointing outlook for the fourth quarter.While Li Auto beat analysts' expectations for Q3 earnings and revenue, its guidance for the fourth quarter fell short of estimates. The company expects to deliver between 160,000 and 170,000 vehicles in Q4, generating revenue in the range of $6.2 billion to $6.5 billion. However, analysts had p","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LI":"理想汽车"},"translate_title":"股票赛道理想汽车股价暴跌，第四季度指引令人失望，竞争拖累增长前景","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LI":1},"content_text":"Shares of Chinese electric vehicle maker Li Auto (LI) plummeted by 13.89% on October 31, 2024, after the company reported its third-quarter earnings and provided a disappointing outlook for the fourth quarter.\nWhile Li Auto beat analysts' expectations for Q3 earnings and revenue, its guidance for the fourth quarter fell short of estimates. The company expects to deliver between 160,000 and 170,000 vehicles in Q4, generating revenue in the range of $6.2 billion to $6.5 billion. However, analysts had projected higher revenue of $6.71 billion for the quarter.\nDespite a 45% year-over-year increase in vehicle deliveries in Q3, Li Auto's revenue growth was much lower at 24%, indicating the impact of lower average selling prices amid intense competition and pricing pressure in the Chinese electric vehicle market. The company's margins were also affected by price cuts on flagship models and the low pricing of its new L6 SUV.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}