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XPEV - XPeng: Valuation Improved But I Am Still Not Buying (Rating Upgrade)
March, 15 2024 03:57 AM
XPeng Inc. American depositary shares each representing two Class A
2024-03-15 03:57:52 ET
Summary XPEV's stock price has dropped by 48% since October 2023, and now the valuation looks more reasonable. My big concern about the business model viability is due to the fact that revenue and EPS are moving in opposite directions. Q4 2023 deliveries indicate a potential revenue beat, but I expect cautious guidance due to decelerating deliveries in early 2024.
Investment thesis For further details see:
XPeng: Valuation Improved, But I Am Still Not Buying (Rating Upgrade)
Stock Information
Company Name:
XPeng Inc. American depositary shares each representing two Class A
Stock Symbol:
XPEV
Market:
NYSE
Website:
xiaopeng.com
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