XPeng Inc. (XPEV) March 8 straddle priced for a move of 10% into quarter results

Prepare for lower margins as Tesla (TSLA) price cuts become a 'feature' of EV market - Morgan Stanley

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA) as analyst Adam Jonas believes that investors should anticipate further price cuts in EVs.

Jonas wrote in a note, We believe EV price cuts are not a fad, but a trend. While subject to volatility, investors should anticipate further price cuts in EVs with cost-leader Tesla setting the tone.

One of the reasons Jonas... More

Morgan Stanley cuts forecasts on China EVs reflecting headwinds

Morgan Stanley has decided to cut earnings forecasts and price targets on Chinese electric vehicle companys, Nio Inc. (NYSE: NIO), Li Auto (NASDAQ: LI), XPeng (NYSE: XPEV) and BYD after Teslas (NASDAQ: TSLA) price cuts in the country triggered broader price competition. The price cuts, along with weaker YTD sales post stimulus, has pressured the Chinese EV segments 1H23 sales margin.

Carmakers continue to join the price competition by either lowering the MSRP directly,... More

Citi predicts challenges for XPeng (XPEV) in 2023; reiterates Sell

Citi reiterated a Sell rating on XPeng (NYSE: XPEV) and cut the price target on the stock to $7.21 (From $8.92) after adjusting estimates to reflect the electric vehicle makers 4Q22 earnings results.

Citi analyst, Jeff Chung wrote in a note, We believe the companys... More

XPeng (XPEV) reports 4Q22 earnings miss; expects decreased deliveries in 1Q23

Shares of XPeng (NYSE: XPEV) are down 0.14% to $8.19 per share in pre-market trading Friday following the electric vehicle companys 4Q earnings miss.

The automaker reported 4Q EPS of (RMB2.57), RMB0.47 worse than the analyst estimate of (RMB2.10). Revenue for the quarter came in at RMB5.14 billion versus the consensus estimate of RMB5.59 billion, representing a decrease of 39.9% from the... More