LI is trading 4% down now at $16.02, extending a sharp sell-off following negative investor reaction to its updated L9 SUV launch.
- Sentiment remains weak after the L9 reveal triggered a 10.2% drop on May 18, fueling broader concerns regarding the company's product roadmap.
- Today's decline is exacerbated by a generally risk-off backdrop across growth stocks, further impacting the electric vehicle manufacturer's valuation.