Despite initial hype, Xpeng's fundamental weaknesses are surfacing. The company's ongoing struggle to meet delivery targets, coupled with increasing competition in the EV market, paints a grim picture. Moreover, concerns about Xpeng's financial health and its ability to sustain losses amid fierce competition continue to linger. The recent downtrend in sales figures only adds to the bearish sentiment, indicating potential challenges ahead. In light of these factors, investors should approach Xpeng with caution, as the stock may face further downside pressure in the coming months.
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