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Xos missed initially, over-promising on its forecasts and, as a consequence, the market punished the stock.
There were setbacks, mainly because of global matters, yet, there were also positive developments that led the company to beat the revised FY 2021 guidance.
Xos must prove its potential by scaling production to gain credibility.
Competition will be intense, however, Xos is an early-mover and should benefit from the strong demand for commercial EVs.