Why is Xpeng stock crashing?
XPEVXPENG(XPEV) Finbold·2024-10-14 23:15

During the premarket trading session on October 14, Chinese automaker Xpeng Inc (NYSE: XPEV) share price cratered by 7.08%.  Over the course of the last six months, XPEV stock has rallied by 65.69% — erasing much of its year-to-date (YTD) losses, which stand at 15.03% at press time. This latest development comes in the midst of a broader selloff in China, after disappointing stimulus measures followed a bold announcement that saw investors enter long positions which drove the CSI 300 index to its highest le ...