XPeng Q2 Earnings: Will New EV Launch Trigger Turnaround?

China-based EV-maker XPeng Inc XPEV faces bearish signals ahead of an Aug. 27 launch event for the Mona M03, a car model priced under RMB 200,000 (US$28,000). The launch event comes on the heels of its second-quarter earnings report, scheduled for release on Tuesday, Aug. 20, before market hours.Wall Street expects the manufacturer to report negative 18 cents in earnings per share and $1.1 billion in revenues as the company.Let’s look at what the charts indicate for XPeng stock and how the stock currently m ...