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Why Wall Street Isn’t Impressed With XPEV Stock

XPEV stock - Why Wall Street Isn’t Impressed With XPEV Stock

Source: Koshiro K / Shutterstock

There’s no doubt about it: XPeng (NYSE:XPEV) wants the world to know that the company just unveiled a new SUV. That’s all fine and well, but was this event enough to assuage investors’ concerns about XPeng? So far, the answer is no. The Chinese automakers’ dwindling deliveries, along with macroeconomic issues, are legitimate issues and could be deal-breakers for prospective XPEV stock buyers.

For informed investors, profitability is important; as they say, the bottom line is the bottom line. When it . . .

Written by biedex markets