XPENG reported incredible earnings and so are investors thrilled for a reason because espacially Europeans are starting to be more open towards Chinese companies espacially due to Elon Musk who is now seen as a national socialist, and Trump who makes China look less bad to the EU than before. And main buying power of the people in the EU are mostly people who have issues with Elon Musk and are starting boycott Tesla. Xpeng is a huge competitor to Tesla and will steal some of their future sales in my opinion. Also people in the EU are starting to also boycott their own car brands because they are overpriced. And in Morth America also many people boycott Tesla and go over to the Chinese producers. Xpeng is still a little overpriced but also quite a luxury product and has very much groth potential.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.