Li Auto Inc.’s stock (LI) has dropped following the company’s price reductions on four of its five electric vehicle models. This move is part of an industry-wide price war, with Tesla and BYD also implementing cuts. Despite the launch of its L6 extended range EV last week, Li Auto’s shares have declined significantly. Analysts remain optimistic, with an overall Outperform rating, but the stock’s recent performance indicates a shift in market sentiment.