Long Position on LI @ $32.00 on 7/6/2021 (Fundamentals)

Li Auto Inc. (LI), through its subsidiaries, designs, develops, manufactures, and sells smart electric sport utility vehicles (SUVs) in China.

It offers Li ONE, a six-seat electric SUV that equipped with a range of extension system and smart vehicle solutions.

The company was formerly known as Leading Ideal Inc. and changed its name to Li Auto Inc. in July 2020.

Li Auto Inc. reported a 1st Quarter March 2021 loss of $0.06 per share on revenue of $545.7 million. The consensus estimate was a loss of $0.07 per share on revenue of $505.3 million.

The company said it expects second quarter revenue of $609.0 million to $651.7 million. The current consensus revenue estimate is $665.95 million for the quarter ending June 30, 2021.

As China's electric vehicle sales increase, this stock should see an increase in share prices.

Entry Point: $32.00

Stop Loss: $30.40

Trading Range: $14.31 - $47.70

Target Price: $35.20

Position closed on 9/23/2021 at price of $30.40 with a -5.00% loss in 79 days.

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