2 EV Stocks Gapping Lower on Earnings, Bear Note

Electric vehicle (EV) stock Xpeng Inc (NYSE:XPEV) is down 9.4% to trade at $22.67 at last check, brushing of a bottom-line win for the third quarter as well as record deliveries, after the company issued a dismal fiscal fourth-quarter outlook amid fierce competition. XPEV is on track for its fourth-straight loss, as well as its worst day since April 2023. Shares are pivoting lower from a Nov. 11, roughly three-year high of $28.23, but support from the 80-day moving average looks positioned to contain these ...