Stock in Chinese electric-vehicle maker XPeng is stuck somewhere between euphoria and despair. The firm’s second-quarter results, due out Friday morning, will be very interesting.
For the quarter, Wall Street expects XPeng to report a loss of 31 cents a share from sales of $707 million. A year ago, XPeng reported a 46-cent loss from $1.1 billion in sales. Falling sales and lost market share are the big reasons XPeng American depositary receipts, or ADRs, are down about 30% over the past 12 months. But take a different view: Shares are up more than 60% over the past three months. Investors were encouraged by a surprise investment from Volkswagen . The pair will develop two EVs for the Chinese market.
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