XPeng Stock Is Surging After Earnings -- Here's Why
XPEVXPENG(XPEV) fool.com·2024-05-21 23:44

The EV maker reported a narrower loss than expected and guided to strong sales growth in the second quarter. Shares of Chinese electric vehicle (EV) maker XPeng (XPEV 7.43%) were moving higher on Tuesday after the company reported a narrower-than-expected first-quarter loss. As of 10:30 a.m. ET, XPeng's American depositary shares (ADS) were up about 11.4% from Monday's closing price. A narrower loss than expected XPeng reported its first-quarter results before the U.S. markets opened on Tuesday, and they we ...