EV Stocks Drop With XPeng Down 6%

Tiger Newspress2023-08-18

EV stocks dropped in morning trading. Tesla fell 1%; NIO and Li Auto fell 5%; XPeng fell 6%.

Xpeng, on Friday forecast third-quarter revenue below analysts' expectations and reported a hit to margins following an inventory writedown.

The Chinese electric vehicle-maker forecast revenue of 8.5 billion yuan to 9 billion yuan for the current quarter ending September, below estimates of 9.77 billion yuan ($1.34 billion), according to the average estimate of six analysts by Refinitiv.

The forecast underscores weak demand in China and intense competition following price cuts unleashed by Tesla and other home-grown automakers.

China's passenger vehicle sales fell for a second month in July, as discounts and government support measures failed to persuade consumers wary of buying cars amid a sputtering economy.

In the second quarter ended June 30, Xpeng's revenue decreased 32% to 5.06 billion yuan, in line with estimates.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Swordmerlin
2023-08-18
Swordmerlin
Will going up soon
ZawMoe
2023-08-18
ZawMoe
Up 1% Down 3456% Fu,,,,k market

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1175386061?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-08-18 22:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1175386061","market":"us","top_or_hot":-1,"title":"EV Stocks Drop With XPeng Down 6%","media":"Tiger Newspress","content":"<html><head></head><body><p>EV stocks dropped in morning trading. Tesla fell 1%; NIO and Li Auto fell 5%; XPeng fell 6%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/550286aa3290c9700c384d8bc7686274\" title=\"\" tg-width=\"373\" tg-height=\"400\"/></p><p>Xpeng, on Friday forecast third-quarter revenue below analysts&#39; expectations and reported a hit to margins following an inventory writedown.</p><p style=\"text-align: start;\">The Chinese electric vehicle-maker forecast revenue of 8.5 billion yuan to 9 billion yuan for the current quarter ending September, below estimates of 9.77 billion yuan ($1.34 billion), according to the average estimate of six analysts by Refinitiv.</p><p>The forecast underscores weak demand in China and intense competition following price cuts unleashed by Tesla and other home-grown automakers.</p><p style=\"text-align: start;\">China&#39;s passenger vehicle sales fell for a second month in July, as discounts and government support measures failed to persuade consumers wary of buying cars amid a sputtering economy.</p><p style=\"text-align: start;\">In the second quarter ended June 30, Xpeng&#39;s revenue decreased 32% to 5.06 billion yuan, in line with estimates.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stocks Drop With XPeng Down 6%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stocks Drop With XPeng Down 6%\n</h2>\n\n<h4 class=\"meta\">\n\n2023-08-18 22:30 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EV stocks dropped in morning trading. Tesla fell 1%; NIO and Li Auto fell 5%; XPeng fell 6%.Xpeng, on Friday forecast third-quarter revenue below analysts' expectations and reported a hit to margins ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLA","symbol_name":"特斯拉","start_time":0,"source_url":"","article_id":"1175386061","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175386061","pubTimestamp":1692369043,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"EV stocks dropped in morning trading. Tesla fell 1%; NIO and Li Auto fell 5%; XPeng fell 6%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLA":"特斯拉","LI":"理想汽车","XPEV":"小鹏汽车","NIO":"蔚来"},"translate_title":"电动汽车股票下跌，XPeng下跌6%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LI":1.1,"NIO":1.1,"TSLA":1.1,"XPEV":1.1},"content_text":"EV stocks dropped in morning trading. Tesla fell 1%; NIO and Li Auto fell 5%; XPeng fell 6%.Xpeng, on Friday forecast third-quarter revenue below analysts' expectations and reported a hit to margins following an inventory writedown.The Chinese electric vehicle-maker forecast revenue of 8.5 billion yuan to 9 billion yuan for the current quarter ending September, below estimates of 9.77 billion yuan ($1.34 billion), according to the average estimate of six analysts by Refinitiv.The forecast underscores weak demand in China and intense competition following price cuts unleashed by Tesla and other home-grown automakers.China's passenger vehicle sales fell for a second month in July, as discounts and government support measures failed to persuade consumers wary of buying cars amid a sputtering economy.In the second quarter ended June 30, Xpeng's revenue decreased 32% to 5.06 billion yuan, in line with estimates.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":210314198986864,"gmtCreate":1692371120957,"gmtModify":1692371126898,"author":{"id":"3582338758553096","authorId":"3582338758553096","authorIdStr":"3582338758553096","name":"Swordmerlin","avatar":"https://community-static.tradeup.com/news/1f836008e90c916e86b10677e7b767fd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3582338758553096"},"htmlText":"Will going up soon&nbsp;","listText":"Will going up soon&nbsp;","text":"Will going up soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210314198986864","repostId":1175386061,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":210309778550848,"gmtCreate":1692369940124,"gmtModify":1692369945465,"author":{"id":"4125840782179152","authorId":"4125840782179152","authorIdStr":"4125840782179152","name":"ZawMoe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4125840782179152"},"htmlText":"Up 1% Down 3456% Fu,,,,k market","listText":"Up 1% Down 3456% Fu,,,,k market","text":"Up 1% Down 3456% Fu,,,,k market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/210309778550848","repostId":1175386061,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":18,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1175386061"}