Why Li Auto Stock Fell in April
Shares of Li Auto (NASDAQ: LI) declined in April, trading down 21%, according to data provided by S&P Global Market Intelligence. During April, the company announced plans to add to its cash reserves, and investors were worried about the dilution that would cause.
Li is a Chinese electric vehicle start-up that currently has one model, the Li One SUV, on the road. The vehicle has been received well in its home market, and the company has designed it to appeal to a broad number of customers by including a "range extending" onboard gasoline generator to allow it to keep going even if it can't find a charging station.
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Source Fool.com
