Li Auto Inc is trading 7.4% up at $15.62 in pre-market action, staging a rebound as investors look for value after a sharp decline.
- The stock is recovering from a sell-off triggered by a Monday report showing May deliveries fell 18.4% year-over-year to 33,350 units.
- Goldman Sachs recently downgraded the company to neutral, highlighting risks of widening losses and weaker profit margins.
- Market participants are currently bargain-hunting, viewing the recent pullback as an entry point despite the fundamental headwinds.