Tesla, Nio stocks fall as Li Auto deliveries warning, Evergrande fears weigh

Shares of China-based electrical conveyance makers, and of Tesla Inc. TSLA, +0.33%, took a deed up of Monday's open, amid a one-two punch of Li Auto Inc.'s LI, -4.35% warning of a deliveries miss and worries that real property developer China Evergrande Group EGRNY, +28.84% 3333, -10.24% could default this week. Shares of Nio Inc. NIO, +1.13% sank 4.0% toward a four-month low, Xpeng Inc. XPEV, +3.78% slid 4.4% and Li Auto shed 5.7%. Tesla's banal slumped 2.8%, putting them connected way to drawback a four-day triumph streak. Tesla recorded $5.90 cardinal successful gross from China successful the archetypal six months of 2021, oregon 26.4% of full revenue, aft signaling $2.30 cardinal successful China revenue, oregon 19.1% of the total, successful the aforesaid play successful 2020. Earlier, Li Auto chopped its third-quarter deliveries guidance to 24,500 from 25,000 to 26,000, arsenic the slower-than-expected betterment successful semiconductor supplies hampered results. And worries implicit a imaginable Evergrande default sent planetary equity markets reeling, arsenic the iShares MSCI China ETF MCHI, +1.10% dropped 3.3% and futures YM00, -2.01% for the Dow Jones Industrial Average DJIA, -0.48% sank 646 points, oregon 1.9%.