Why NIO, XPeng, and Li Auto Stocks Are Down Today

Why NIO, XPeng, and Li Auto Stocks Are Down Today
John Rosevear, The Motley Fool
·2 min read

Li Auto (NASDAQ: LI) was down about 10.3%. Just about all of the hot electric-vehicle and related stocks have been selling off this week, in part because of concerns about rising interest rates and in part because of an ongoing selldown of the category leader, Tesla (NASDAQ: TSLA). As for Tesla, some of the issues driving its stock lower are unique to Tesla, and not reflective of the broader opportunity for electric-vehicle makers.