RIVN - XPeng Earnings Preview: 5 Things To Listen For
- XPeng stock has lost more than 50% of its value this year as it reels from the risk-off environment in Chinese equities due to mounting regulatory and macroeconomic risks.
- The ongoing chip supply shortages and cost pressures, worsened by recent COVID lockdowns and the Russia-Ukraine war, have also compounded the stock's valuation pains.
- XPeng's better-than-expected deliveries in the first quarter have already been overshadowed by softness in volumes reported in April.
- This means any first quarter outperformance will do little to sustain an uptrend for the stock. Instead, investors will be paying close attention to how much China's COVID Zero policy will hurt XPeng's near-term performance at its upcoming earnings call.
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XPeng Earnings Preview: 5 Things To Listen For