Automotive

Xpeng Shares Drop

Push Back Proverb — It’s not about how many times your shares fall. It’s about how much money you have to cover your losses until they come back up.
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Xpeng Shares Drop

Shares in Chinese EV maker Xpeng dropped 12% following bigger-than-expected losses reported in Q2. The Tesla rival has eyes on a year-over-year delivery increase of 13 to 20% for Q3, which is still below market expectations. 

Battery half full kinda outlook. The company says releasing three new models within the next year will move them into a growth cycle.

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