XPeng Q2 Earnings: Will New EV Launch Trigger Turnaround?
XPEVXPENG(XPEV) Benzinga·2024-08-19 21:36

China-based EV-maker XPeng Inc XPEV faces bearish signals ahead of an Aug. 27 launch event for the Mona M03, a car model priced under RMB 200,000 (US28,000).Thelauncheventcomesontheheelsofitssecond−quarterearningsreport,scheduledforreleaseonTuesday,Aug.20,beforemarkethours.WallStreetexpectsthemanufacturertoreportnegative18centsinearningspershareand28,000). The launch event comes on the heels of its second-quarter earnings report, scheduled for release on Tuesday, Aug. 20, before market hours.Wall Street expects the manufacturer to report negative 18 cents in earnings per share and 1.1 billion in revenues as the company.Let’s look at what the charts indicate for XPeng stock and how the stock currently m ...