Li Auto Deliveries for August Are Awful. That’s Sending Tesla Stock Lower.

4 weeks ago 40

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Updated Sept. 1, 2022 5:50 am ET / Original Sept. 1, 2022 5:33 am ET

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Demand for electric vehicles in China is wavering. That could make Tesla investors nervous on Thursday.

Deliveries for Chinese EV maker Li Auto (ticker: LI) declined 52% in August from a year earlier. XPeng’s (XPEV) report was much better. Still, XPeng deliveries dropped 17% from July. Monthly numbers from NIO ( NIO ) look strongest of the three. The company managed to grow deliveries in August from the prior month.

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