Why XPeng Stock Is Lower Today
Shares of Chinese electric-vehicle (EV) maker XPeng (NYSE: XPEV) were trading lower on Monday, amid a broad-based sell-off of tech-related stocks on growing concerns about inflation and interest rates. As of 1:15 p.m. ET today, XPeng's American depositary shares were down about 7.6% from Friday's closing price. There was no major news driving XPeng's stock lower on Monday.