XPeng is rapidly expanding its operations overseas. Users have also reported a good experience with its technology and driverless cars. Definitely a stock with higher intrinsic value!
$Tesla Motors(TSLA)$ Tesla, Inc. Q3 2023 earnings disappointed investors and analysts, with sales and EPS below estimates. Operating profit margin, gross profit, and adjusted EBITDA margins have been falling for several quarters. Demand for EVs is not growing despite discounts, and the Cybertruck announcement may take even longer to generate positive cash flows. The company has ample liquidity reserves. Tesla is ridiculously overvalued, given the fact the company is no longer a growth star.
$Palantir Technologies Inc.(PLTR)$ Palantir Technologies' stock surged 20% on Nov. 2 after the data mining and analytics company posted its third-quarter report. Its revenue rose 17% year over year to $558 million and exceeded analysts' expectations by $2 million. It generated a net profit of $72 million, compared to its net loss of $124 million a year ago, while its adjusted earnings of $0.07 per share cleared the consensus forecast by a penny.
$Amazon.com(AMZN)$ Amazon's total revenue growth accelerated to 13% year over year (YOY) after growing 11% YOY in the second quarter. The growth was led by a 25% gain in digital advertising sales, which reached $12 billion in the quarter. This comes despite an overall slowdown in the ad market this year. Amazon's ads, like product placement and display, are highly targeted at consumers actively shopping. This makes them extremely efficient and popular with advertisers. Amazon Web Services grew 12% YOY (more on AWS below), and third-party seller and subscription services 18% and 13%, respectively. Amazon stock tends to trade on sales growth more than anything, which explains why the stock popped 8% after earnings.