XPEV - Nio XPeng And Li Auto Shares Are Trading Lower: What's Going On? | Benzinga
Shares of several China-based EV makers including NIO Inc (NYSE: NIO), XPeng Inc (NYSE: XPEV) and Li Auto Inc (NASDAQ: LI) are moving lower Thursday after Tesla Inc (NASDAQ: TSLA) reported weak third-quarter financial results.
What To Know: Tesla missed analyst estimates on both the top and bottom line for the first time since the second quarter of 2019, according to Benzinga Pro.
Tesla reported third-quarter revenue of $23.35 billion, up 9% year-over-year, but below the consensus estimate of $24.38 billion. The EV maker said its top-line results were negatively impacted ...