Stock in Li Auto is gaining even though the Chinese electric-vehicle maker’s second-quarter earnings fell short of expectations. It is evidence that sales—and sales growth—are more important than the bottom line for EV startups.
And Li’s growth and financial forecasts look just fine. Li Auto (ticker: LI) stock was up about 2.9% Monday morning, while futures on the S&P 500 and Dow Jones Industrial Average were flat.
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