LI is trading at $16.52 (-3.02%) amid broader market weakness, compounded by ongoing concerns regarding weak delivery performance and EV price wars.
- The decline occurs alongside a general market dip (S&P 500 down 0.18%, Dow down 0.57%).
- Recent analyst actions include Goldman Sachs cutting its price target to $27 and Freedom Capital lowering theirs to $25 due to weak forecasts and Q3 costs.
- The company has reported no specific news or announcements today driving the movement.