AllFathers
2023-03-21

k
@Thatway：
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.$XPeng Inc.(XPEV)$
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.$XPeng Inc.(XPEV)$

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.

Report

Comment

  • Top
  • Latest
empty
No comments yet