XPeng Inc. (XPEV)
After hours:
- Investing.com
Wall Street analysts increasingly bullish on Nio stock after a 50% YTD drop
Both Jefferies and Citi Research have expressed confidence in Nio’s ability to rebound, pointing to a series of upcoming catalysts that could drive a recovery in its stock price. While risks remain, both brokerages view Nio’s current stock price as an attractive opportunity for long-term investors. Analysts at Jefferies view this launch as a significant near-term catalyst, “We estimate that there is about a 70% to 80% (or "very likely") probability for the scenario,” the analysts said.
- South China Morning Post
Tesla's FSD software delay in China gives Xpeng a chance to take the lead
Tesla's delay in launching its Full Self-Driving (FSD) driving assistance software in mainland China is a boon for rivals like Xpeng, which could use the extra time to convince local drivers of the superiority of their self-driving technologies, according to an analyst. The US carmaker is expected to roll out the FSD system on the mainland in the first quarter of 2025, Tesla's artificial intelligence (AI) team said on its X account on Thursday. The revised timeline is a setback for the carmaker
- Investor's Business Daily
Tesla Rival Sales Boom On This Big Shift; Li Auto, Nio, XPeng Report China EV Deliveries
BYD reported another month of record sales, led by plug-in hybrids. Li Auto, Nio, XPeng and Zeekr also posted August figures Sunday.
