Chinese electric vehicle maker Xpeng, who are based in Guangzhou announced disappointing Q1 earnings Tuesday sending the stock 5% lower. $XPEV reported a bigger Non-GAAP loss of -$0.37 EPS for each ADS, missing by $0.04. Revenue of $587.31 million (-45.9% Y/Y) missed by $125.36 million. Forecast deliveries and revenue are all forecasted to be over 35% lower than last year. Xpeng Q1 2023 Earnings Highlights XPEV -ADR Stock Market Reaction (Updated) “During the first quarter of 2023, I took actions … Continue reading “Chinese Electric Car Maker Xpeng Reports Bigger Loss, Puts Hopes on G6”