Ideal Auto plummets, and many executives have cashed out at high prices

Li Auto's stock price has plummeted by nearly 20% recently, hitting a new low in nearly a year. Meituan CEO and Li Auto's non-executive director Wang Xing, CFO Li Tie, President Ma Donghui and other management team members cashed out at the high point of the stock price. The price of Li Auto's stock they sold was nearly twice the current price.