$XPeng Inc.(XPEV)$
XPeng stock jumped in Hong Kong after the Chinese automaker disclosed that its chief executive bought over 2 million of the company’s shares.The same companies became $100 Billion companies during COVID due to all the extra cash pumped into them to inflate their value and now the reverse is happening. The fact is no one can predict which way the market moves. It can go back up very quickly or it can keep going down. Fact is these companies are selling cars by thousands every year. These are good cars and more technologically advanced. The future is of EV…no denying that.
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