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Lei Jun: Xiaomi Auto's Money Loss Medium Low among Carmakers
XIAOMI-W (01810.HK)'s 10,000th mass-produced vehicle officially yanked off the assembly line 32 days after the release of the Xiaomi SU7, according to the Weibo account of Lei ...
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Lei Jun: Xiaomi Auto's Money Loss Medium Low among Carmakers
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XIAOMI-W (01810.HK)  +0.120 (+0.605%)    Short selling $271.59M; Ratio 12.954%   's 10,000th mass-produced vehicle officially yanked off the assembly line 32 days after the release of the Xiaomi SU7, according to the Weibo account of Lei Jun, Chairman of XIAOMI-W.

In addition, Lei said in CCTV News' live broadcast that the degree of money loss of Xiaomi Automobile is considered to be at the medium low level among car factories, as Xiaomi SU7's sales volume far exceeded expectations.

Related NewsG Sachs Raises Rev. & EPS Forecasts on XIAOMI-W (01810.HK), Reiterates Buy
Regarding Tesla (TSLA.US)      's recent frequent price adjustments, Lei said that he admired Tesla's sensitivity to market reactions, as multinational companies may take 3 or 6 months to make relevant responses, while Tesla's price strategy changed from price hike to price reduction in just 21 days, which is a very quick adjustment.

XIAOMI-W last gained 2.19% to $17.74, with 61.3404 million shares traded, involving $1.082 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-17 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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