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Wajeeh Khan

A $900 Million Reason to Be Excited About XPEV Stock, Even After Disappointing Earnings Results

XPEV Xpeng

Xpeng (XPEV) shares tanked on Aug. 24 after the Chinese electric vehicle (EV) manufacturer’s Q2 earnings missed estimates and management issued disappointing guidance for the future. The company now sees its revenue falling between RMB21.7 billion and RMB23.4 billion in the third quarter, well below RMB26.69 billion that analysts had forecast.

Following today’s decline, Xpeng stock is down roughly 45% versus the start of this year.

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