Guidance RevisionLi Auto's stock has experienced a correction, with sales guidance for the first quarter and full year being revised downwards, reflecting a potential overestimation of demand.
Management PerformanceThe misexecution of the MEGA launch is a deviation from Li Auto's previously strong track record, which may shake investor confidence in the management's future product launches.
Market CompetitionThe intensifying competition in the Chinese EV market, especially with new tech giants entering, raises concerns for Li Auto's market position and growth prospects.