Li Auto, an undervalued EV stock, outperforms Nikola due to Nikola's delivery shortfall, battery fires, and founder's conviction.

Li Auto, an undervalued EV stock, emerges as a better option than Nikola, which disappointed investors by failing to meet delivery estimates, being involved in battery fires, and having its founder convicted of securities and wire fraud. Despite nearly tripling its share count, Nikola only delivered 79 BEVs and 35 FCEVs in 2023, resulting in a net loss of $966 million.

June 16, 2024
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