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XPeng Stock Slumps as EV Maker’s Loss Narrows Less Than Expected
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Key Points
- Xpeng shares sank Tuesday for EV companies’ fourth-quarter revenue, disappointed with adjusted profits.
- Xpeng’s revenue rose from the same time last year, while electric vehicle manufacturers’ losses narrowed.
- Xpeng said it expects revenue to double in the first quarter of 2025 compared to the same period last year.
Xpeng’s US listed shares (XP) Chinese electric vehicle manufacturers’ fourth-quarter results failed to meet analysts’ expectations on Tuesday.
The company said Tuesday it generated 16.1 billion Chinese (US$2.23 billion) earned 23% over RMB 13.05 billion in revenue this quarter At the same time a year ago But below the analyst is the visible alpha consensus.
Xpeng lost the adjusted RMB 1.47 US Deposit Shares (AD)narrower than the 1.98 yuan loss a year ago, but wider than the 1.38 yuan loss expected by analysts in the fourth quarter.
Delivery forecast for the current quarter
XPeng forecasts delivery of 91,000 to 93,000 in the first quarter, exceeding the company’s delivery volume, which is expected to exceed more than double its revenue in the same period last year. Year-on-year to RMB 15 billion to RMB 15.7 billion. Analysts currently expect revenue to reach RMB 15.28 billion in the first quarter.
Other electric car inventory, such as Tesla (TSLAChinese electric car giant Biat also came under pressure on Tuesday New charger announced It reportedly claims to offer a 250-mile fee while refueling a gas-powered car.
Xpeng’s U.S. listed stock has recently fallen nearly 8%, recently on Tuesday at $22.61. Earlier this month, the stock closed at $26.34, with its highest closing price since July 2022.
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