BEIJING, January 18 (TMTPOST)— More and more Chinese electric vehicle (EV) makers joined in the price war that Tesla intensified at the start of the year. Source: Visual China Xpeng Inc. announced on Tuesday to offer a new round of price cuts between RMB20,000 (US$2,952.5)to RMB36,000 (US$5,314.5) for three EV models including P5, P7 and G3i. Effective on that day, the price adjustment suggests a slash range between about 10% to nearly 13%. Following the cuts prior to the seven-day national holiday Chinese New Year starting from January 21, Xpeng’s G3i, an electric SUV model, was started lower at RMB148,900, and prices of the P5 sedan and its best selling P7 sedan were started to the lowest of RMB156,900 and RMB209,900 respectively. Xpeng also gave compensations for new buyers who or
MU with a horrible 1QRevenue -47% ( $4.09 B ; below mid point guidance)Net income/EPS negative Loss per share: $0.04, adjusted, versus $0.01 estimated Revenues: $4.09 billion versus $4.11 billion estimated 2Q guidanceRevenue $3.6 B at mid point (-51% YoY at mid-point )Always fantastic to look at earnings reactionEven a spike uphttps://twitter.com/DividendWave/status/1605675487732281346