Advertisement
Canada markets close in 2 hours 20 minutes
  • S&P/TSX

    22,060.72
    -208.40 (-0.94%)
     
  • S&P 500

    5,260.72
    -16.79 (-0.32%)
     
  • DOW

    38,392.83
    -293.49 (-0.76%)
     
  • CAD/USD

    0.7328
    -0.0010 (-0.14%)
     
  • CRUDE OIL

    74.12
    -2.87 (-3.73%)
     
  • Bitcoin CAD

    94,515.42
    +1,858.44 (+2.01%)
     
  • CMC Crypto 200

    1,448.45
    -19.48 (-1.33%)
     
  • GOLD FUTURES

    2,368.80
    +23.00 (+0.98%)
     
  • RUSSELL 2000

    2,051.08
    -19.04 (-0.92%)
     
  • 10-Yr Bond

    4.4040
    -0.1100 (-2.44%)
     
  • NASDAQ

    16,753.60
    +18.59 (+0.11%)
     
  • VOLATILITY

    13.92
    +1.00 (+7.74%)
     
  • FTSE

    8,262.75
    -12.63 (-0.15%)
     
  • NIKKEI 225

    38,923.03
    +435.13 (+1.13%)
     
  • CAD/EUR

    0.6727
    -0.0035 (-0.52%)
     

XPeng Stock Jumps on Earnings. There’s Hope for China EVs.

XPeng Stock Jumps on Earnings. There’s Hope for China EVs.

XPeng stock rose Tuesday after the Chinese electric-vehicle maker reported better-than-expected first-quarter numbers. A year ago, XPeng reported a per-share loss of 38 cents on sales of $573 million. Quarterly gross profit margins were about 13%, up about 11 percentage points year over year and about two percentage points better than analysts’ forecasts.