This will tank next week. This is not way oversold as the business continues on a downtrend and it has already peaked. More companies are competing for EVs and expected losses will continue for most companies till some get eliminated. Xpeng is selling less and they assume they will continue to grow but the charts show it's been going down. The cost-cutting may help improve profitability but sales will remain down or flat for a while. BYD and Tesla will continue to outbid Xpeng and Nio. Xpeng may be a better buy when they report better sales.$XPeng Inc.(XPEV)$
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