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Why Li Auto Stock Fell in April

·2 min read
Why Li Auto Stock Fell in April
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Li is a Chinese electric vehicle start-up that currently has one model, the Li One SUV, on the road. Li in mid-April saw its stock drop after it announced a $750 million convertible debt offering. The selling pressure continued as the month wore on, with electric vehicle investors focused on comments made by Tesla CEO Elon Musk about the "insane difficulties" his company and the entire auto industry are currently experiencing with supply chains.