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LI Oct 2024 34.000 put

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Yahoo Finance
Why Biden's tariffs on Chinese EVs will have little immediate impact on the US auto market
President Biden quadrupled tariffs on Chinese-made EVs. The catch? Hardly any Americans are buying these cars anyway.
Investor's Business Daily
Nio Readies Its First Mass-Market EV After 'Taking Apart A Lot Of Tesla Vehicles'
Nio prepares to launch its first mass-market car on Wednesday as Chinese EV startups downshift prices in a hunt for growth. Nio stock jumped Monday, along with Zeekr and XPeng. The Onvo L60 SUV will be cheaper than the Tesla Model Y that it's challenging in the RMB 250,000 ($34,565) segment, Nio CEO William Li has said.
Barrons.com
Biden Plans Heavier Tariffs on Chinese EVs. 3 Reasons the Stock Are Gaining.
Companies such as Xpeng, Li Auto, and NIO don’t sell cars in the U.S. and aren’t likely to soon. An existing 25% tariff is enough to wipe out any potential profits.