Forget Nikola, Buy This Magnificent EV Stock Instead [Yahoo! Finance]
Li Auto Inc. - American Depositary Shares (LI)
Company Research
Source: Yahoo! Finance
The maker of electric semi trucks repeatedly missed its own delivery estimates, its founder and former CEO Trevor Milton was convicted of securities and wire fraud, and it recalled nearly all of its vehicles after a series of battery fires. It has also nearly tripled its share count over the past four years to raise more cash. In 2023, Nikola only delivered 79 battery-powered electric semi trucks (BEVs) and 35 hydrogen-powered fuel cell trucks (FCEVs). That was well below the 3,500 BEVs and 2,000 FCEVs it originally claimed it could deliver in 2023 in its pre-merger presentation. It only generated $36 million in revenue during the year, but it racked up a net loss of $966 million. That equals an average net loss of $8.5 million per vehicle delivered. Nikola's stock has already plummeted 99% from its all-time high, but it still has an enterprise value of $708 million. That's still more than 4 times the "$150 million to $170 million" in total truck revenue it expects to generate in
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News
- Levi & Korsinsky Notifies Li Auto Inc. Investors of a Class Action Lawsuit and Upcoming Deadline - LIAccesswire
- Levi & Korsinsky Reminds Li Auto Inc. Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of July 9, 2024 - LIAccesswire
- LI INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Li AutoPR Newswire
- The Schall Law Firm Encourages Li Auto Inc Investors Who Have Incurred Losses To Initiate Contact Be Mindful Of The Deadline In This MatterAccesswire
- Li Auto Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before July 9, 2024 to Discuss Your Rights – LIAccesswire
LI
Sec Filings
- 6/17/24 - Form 144
- 6/17/24 - Form 6-K
- 6/6/24 - Form 6-K
- LI's page on the SEC website