Who is still buying a new XPeng?

Hurt by earnings results posted this week that missed market expectations and a forecast of up to 39% fall in new car sales amidst slowdown in the economy and rising competition from the incumbents $Tesla Motors(TSLA)$ and $BYD COMPANY(01211)$  and new startups the likes of $NIO Inc.(NIO)$ and $Li Auto(LI)$ , $XPeng Inc.(XPEV)$ share price was punished on Wednesday when its share price plunged over 11% before recovering some lost ground to close down 5%. XPeng share price remains deeply in the red during the latest trading session, trading down almost 8% at the time of my post.

Despite re-opening of the Chinese economy, recovery has so far been uneven with mixed economic data, while a looming global recession amidst rising interest rates to rein in stubbornly high inflation has weighed on consumer sentiments and hence spendings.

It does not help that the market leader Tesla has been slashing prices in China to maintain its leadership and market dominance has exerted pressure on XPeng’s operating margins as the company struggles to defend its market share.

While the management has embarked on corporate restructuring and streamlining of operations recently, more decisive reforms are required by the company to re-invent itself to keep rising competition at bay.

Nevertheless, with increasing global awareness of climate change and tightening regulations on emissions, the future is bright for the electric vehicle industry. The key is standing out among the growing number of peers. As more startups jump onto the electric vehicle bandwagon, continual innovation is pivotal to XPeng's relevance.

@TigerEvents @TigerStars @TigerWire @MillionaireTiger @CaptainTiger 

# 💰 Stocks to watch today?(15 Apr)

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  • WernerBilly
    ·2023-05-26
    TOP

    I think it will go back to $9 $10 at some point in the next few days. So many articles came out to downgrade xpeng and it holds at around $8. The company is not dead guys. I think there is chance it would recover.

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    • pekss
      With the heavy selling and presumably shorts, it will not be surprising if there is going to be a rebound from short covering in the coming days
      2023-05-26
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  • HarryCox
    ·2023-05-26
    TOP

    you do realize tesla has huge factory in China right?

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    • pekss
      Yes, and it needs to increase its utilisation of the capacity
      2023-05-26
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  • BruceBryant
    ·2023-05-26
    TOP

    Tesla is the winner,Xpeng the loser

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    • pekss
      Indeed, Tesla is the market leader and has first mover advantage
      2023-05-26
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  • JohnMitchell
    ·2023-05-26
    TOP

    Another Tesla killer 🤡

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    • pekss
      Indeed, though Tesla brand still has its appeal [Grin]
      2023-05-26
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  • ngph
    ·2023-05-26
    TOP
    Bracing for more falls!
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    • pekss
      Indeed, downtrend is strong
      2023-05-26
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  • YorkTurner
    ·2023-06-03

    Investors are way too pessimistic right now and the stock is oversold… The market value nearly matches cash value. Xpeng has a very bright future and the stock price will rebound. Only a fool would sell now.

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  • XantheJuliana
    ·2023-06-03

    Now is the G6 the savior,what happened with the G9 and the 30K preorders they had.What a joke.Mediocre sales on may were reported today and the stock is up

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  • fishinglo
    ·2023-06-03

    Holding up very strong today. Xpeng just needs to survive past June 9. Hopefully nio lousy ER will not drag down xpeng too much.

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  • jeffry09
    ·2023-06-03

    Nio is doing a little bit better than Xpeng.. their problems is a big boost for TSLA

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  • YaleBrewster
    ·2023-06-03

    I believe this company will have a big finish to the year and a very big 2024.

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  • Aqa
    ·2023-05-27
    Liked, shared and commented to support my friend. 👍🏻
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  • eveev
    ·2023-05-26
    Hope to see rebound soon!
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  • alexj
    ·2023-05-28
    good
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  • alexj
    ·2023-05-28
    👍
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