wasn’t this last drop related to Li dropping into a fairly overbought American market with a sprinkle of China woe (poorer EV sales)? I can’t see any other reason unless someone whiffed negative sentiment at the Toronto event recently?
$12M cash Q4 and these guys have had some heavy expenditure in recent times, perhaps 708’s are sniffing a raise this quarter.
Also, I have no idea really, just a few thoughts.
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