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Why Li Auto, Lucid Group, and Fisker Stocks Popped Today
FSRFisker (FSR) The Motley Fool·2024-02-27 00:28

Electric-vehicle stocks put pedal to the metal to start the week on Monday, encouraged by a single powerful earnings report out of Li Auto (LI 15.10%) in China. This morning, the company reported a 0.60persharenonGAAPprofitforitsQ42023morethantwicethe0.60-per-share non-GAAP profit for its Q4 2023 -- more than twice the 0.29 per share that analysts had predicted -- and said its sales in the fourth quarter approached 5.9billion,wellaheadoftheexpected5.9 billion, well ahead of the expected 5.5 billion. Shares of both Lucid Group (LCID 5.96%) and Fisker (FSR 8.15%) are reacting positively to ...