Xpeng (XPEV) shares are inching lower ahead of the electric vehicle (EV) maker’s fiscal second-quarter earnings scheduled to be released before the market opens on Aug. 24. Consensus is for the Chinese firm to record $2.83 billion in revenue — up 12.3% year-over-year — on a loss of $0.06 per share, which would represent a 45% contraction from last year.
The earnings event arrives at a time when Xpeng stock is starved of investor interest, currently down about 45% versus the start of this year.
