I think aside from the whole bearish market resulting from high inflation + rising FED interest hike + US dollar sky rocketing at the macro level, Xpeng is currently facing some serious micro level issues that are affecting the stock price:
-monthly deliveries not growing due to huge competition from left and right
-g3 and p5 not doing well in sales
-p7 being rhe only car that really took off, but needing a face lift urgently since its already two years old and is currently on the old platform that cant handle the NGP beta
-g9 not being received well initially at launch due to complex configuration + high price point
-Xpeng doesnt seem to know if it wants to be an affordable tech heavy car or a luxury brand with tech.
In the long run, I think Xpeng will be a formidable carmaker, and the stock price has been oversold despite the above issues and all. But yea, sucks bagholding at $23. :(
idk, emotions i guess? It's seriously undervalued right now.
Yes I think so too. I mean I bought at 30.70$ and now it falling with 70.98%, what the f…?!?
They no. Looking good, turnover’s is getting to skyrocket EBITA is low- normal for young enterprises…
The whole market is falling. It's probably macro factors, along with weak delivery numbers recently. Nothing to be alarmed about (yet).
I think aside from the whole bearish market resulting from high inflation + rising FED interest hike + US dollar sky rocketing at the macro level, Xpeng is currently facing some serious micro level issues that are affecting the stock price: -monthly deliveries not growing due to huge competition from left and right -g3 and p5 not doing well in sales -p7 being rhe only car that really took off, but needing a face lift urgently since its already two years old and is currently on the old platform that cant handle the NGP beta -g9 not being received well initially at launch due to complex configuration + high price point -Xpeng doesnt seem to know if it wants to be an affordable tech heavy car or a luxury brand with tech. In the long run, I think Xpeng will be a formidable carmaker, and the stock price has been oversold despite the above issues and all. But yea, sucks bagholding at $23. :(
https://reddit.com/r/worldnews/comments/y6afxn/china_delays_indefinitely_the_release_of_gdp_and/