XPeng Inc. XPEV shares are moving Thursday. Shares of XPEV are up more than 60% over the last three months, and the company is set to report its second-quarter earnings on Friday. Here's a look at what's going on.
What To Know:
XPeng has faced some recent headwinds including weak economic data from China and fears of an economic slowdown in the country. XPeng also faces uncertainty after it's largest competitor, Tesla, Inc. TSLA, lowered the price of some Model Y EVs in China.
XPeng will report its second-quarter financial results before the market open on Friday and will hold a conference call to discuss the results at 8:00 a.m. ET the same day. The company is expected to report a quarterly loss of 31 cents per share and revenue of $694.28 million, according to estimates from Benzinga Pro.
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XPEV Price Action: According to Benzinga Pro, shares of XPEV are trading 2.84% higher at $16.02 at the time of publication.
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