XPeng (XPEV) climbs after G6 priced below Tesla (TSLA) Model Y

Chinese EV start-ups surge following June delivery numbers

Shares of Chinese electric vehicle makers Nio (NYSE: NIO), Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV) are surging pre-market after the three announced June delivery numbers.

NIO is up 4.2% in pre-market trading Monday after the Chinese automaker announced over the weekend that they delivered 10,707 last month, a 17.4% drop from the same time last year, but a significant 74% increase from numbers reported... More

Tesla (TSLA) option implied volatility into Q2 deliveries

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 59; compared to its 52-week range of 44 to 96 into expected to release Q2 deliveries.

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CLSA cuts XPeng (XPEV) to Buy following G6 launch

CLSA downgraded XPeng (NYSE: XPEV) to an Outperform rating (From Buy) and raised their 12-month target price to $13.10 (From $10.00) following the launch of the companys G6 smart electric SUV on Thursday.

Analyst Aaron Zijun Li wrote in a note, Xpeng launched G6 model on 29 June with official price starting from Rmb209,900. We expect G6 could reach 10,000 monthly sales units, helping Xpengs sales return to... More

Xpeng shares jump as China EV maker prices SUV below Tesla Model Y

By Chavi Mehta

(Reuters) -Xpeng's U.S.-listed shares jumped more than 11% on Friday after the electric-car maker priced its latest G6 sport utility vehicle about 20% lower than Tesla's Model Y in China.

The pricing comes at a time when U.S. automaker Tesla's sales in the world's largest market for electric vehicles were likely to hit another record quarter.

While Warren Buffett-backed BYD, dominates the China's EV market, an analyst with China Merchants Bank International Securities said Tesla's sales could increase 13% from the previous... More

Tesla set to report record quarterly vehicle deliveries, fueled by incentives

By Hyunjoo Jin and Akash Sriram

SAN FRANCISCO (Reuters) - Tesla is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty and rising competition.

Tesla is expected as early as this weekend to report global deliveries of 445,000 vehicles in April to June, according to the average estimates of nine analysts by Refinitiv. That would be an increase of 5% from 422,875 the preceding quarter.

Tesla CEO Elon Musk's plan to sharply increase sales this year faces challenges from aging and limited product... More

Tesla (TSLA) 30-day option implied volatility at 60

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 60; compared to its 52-week range of 44 to 96.

CLSA Downgrades XPeng (H-Shares) (9868:HK) (XPEV) to Outperform (2)

CLSA analyst Aaron Zijun Li downgraded XPeng (H-Shares) (9868:HK) (NYSE: XPEV) from Buy (1) to Outperform (2) with a price target of HK$51.20 (from HK$39.00).

CLSA Downgrades XPeng (XPEV) to Outperform (2)

CLSA analyst Aaron Li downgraded XPeng (NYSE: XPEV) from Buy (1) to Outperform (2) with a price target of $13.10 (from $10.00).

For an analyst ratings summary and ratings history on XPeng click here. For more ratings news on XPeng click here.

Shares of XPeng closed at $11.83 yesterday.

XPeng (XPEV) launches G6 SUV in China

Chinese electric automaker, XPeng Inc. (NYSE: XPEV) officially launched its G6 Ultra Smart Coupe SUV in China on Thursday, marking the inauguration of the first model based on its next-generation technology architecture, SEPA2.0.

Equipped with XNGP, XPENG's full-scenario ADAS solution, and XPower,... More

XPeng Inc. (XPEV) Launches G6 Ultra Smart Coupe SUV in China

XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle ("Smart EV") company, today announced the official launch of its G6 Ultra Smart Coupe SUV, the Company's inaugural model based on its next-generation technology architecture, SEPA2.0, in China. Customers will be able to experience the Company's next-generation Smart EV innovation at a price range between 209,900 RMB to 276,900 RMB, with initial deliveries to commence in July 2023 for customers in China.

Equipped with XNGP, XPENG's full-scenario ADAS solution, and XPower, XPENG's 800V powertrain system and 800V high-voltage SiC platform,... More

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Tesla (TSLA) demand to recover as 'hackers' are finding new jobs in AI

Tesla (NASDAQ: TSLA) analyst Trip Chowdhry of Global Equities Research sees a demand recovery for the EV company starting in August 2023 and previously laid-off tech workers are finding new jobs due to the AI boom.

Chowdhry highlights that the demand for... More

Polestar (PSNY) to adopt Tesla's (TSLA) NACS in US and Canada

Swedish automaker, Polestar (NASDAQ: PSNY) announced Thursday that they have signed an agreement with Tesla (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS), allowing access to Teslas expansive Supercharger network for all Polestar drivers in the United States and Canada.

The press release detailed the companys plans to include the... More

Stock market today: Dow ends down as Powell talks up more rate hikes; Tech climbs

Investing.com -- The Dow slipped Wednesday, but a climb in big tech kept losses in check as Treasury yields slipped even as Federal Reserve chairman Jerome Powell insisted that further rate hikes remain in play after a pause last month.

The Dow Jones Industrial Average fell 0.2%, or 78 points, the Nasdaq rose 0.3%, and the S&P 500 was flat.

Google (NASDAQ: GOOGL) led the... More

S&P 500 slips as Powell insists rate hikes aren't over; Tech gains stifle losses

Investing.com -- The S&P 500 slipped Wednesday, as investors weighed a climb in big tech and remarks from Federal Reserve chairman Jerome Powell insisting that the rate hikes remain in play after a pause last month.

The S&P 500 fell 0.2%, the Dow Jones Industrial Average fell 0.4%, or 126 points, and the Nasdaq rose 0.1%.

Google (NASDAQ: GOOGL) led the climb in the big tech, rising... More

ChargePoint (CHPT) expands availability of Tesla (TSLA) NACS at charging stations

On Wednesday, ChargePoint (CHPT), an electric vehicle charging equipment company, revealed that they have made Tesla's (NASDAQ: TSLA) North American Charging Standard (NACS) connectors accessible for new orders and existing installations of CP6000, Express 250, and Express Plus for their customers.

ChargePoint will add... More

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Zeekr opens pre-orders for two luxury EVs in Sweden, Netherlands

On Wednesday, Zeekr, the electric brand of Geely Automobile, announced the commencement of pre-orders for two of its luxurious all-electric cars in the Netherlands and Sweden. This move adds Zeekr to the increasing roster of Chinese electric vehicle manufacturers entering the European market.

According to the company, deliveries for the Zeekr... More

Blink (BLNK) will expand NACS adoption to include entire product line

EV charging equipment company, Blink Charging (NASDAQ: BLNK) announced Wednesday that they have expanded their commitment to embrace the Tesla (NASDAQ: TSLA) Standard by incorporating both the North America Charging Standard (NACS) and Combined Charging System (CCS) into Blinks entire state-of-the-art line of charging products.

Earlier this month, the company made an announcement regarding the integration of NACS connections into their latest 240kW DC Fast Charger. However, Blink has gone a step further to ensure the satisfaction of all drivers, regardless of their vehicle model, by... More

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Tesla to hit record quarterly sales in China even as market share shrinks - analysts

SHANGHAI (Reuters) - Tesla is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share in the world's largest auto market, analysts say.

The U.S. automaker could sell 155,000 cars in China during April to June, an increase of 13% from its record first quarter, according to estimations by Shi Ji, an analyst with China Merchants Bank International Securities.

However, Tesla's share in China's battery electric car market would shrink in the quarter to 13.7% from 16% in the first three months, while BYD... More