fool.comยท2024-05-21 15:44Core Viewpoint - XPeng reported a narrower-than-expected loss in the first quarter and provided strong sales guidance for the second quarter, leading to a positive market reaction with shares rising approximately 11.4% [1] Financial Performance - XPeng's first-quarter adjusted loss per share was $0.21 on revenue of $906.9 million, compared to Wall Street's expectations of a loss per share of $0.27 on revenue of $868.1 million [2] - The company delivered 21,821 vehicles in the first quarter of 2024, a decrease from 60,158 in the fourth quarter of 2023, but an increase of 19.7% compared to the same quarter last year [2] Cash Position - As of March 31, XPeng had approximately $5.7 billion in cash and equivalents, reflecting a 9% decrease from the end of 2023, but still sufficient to fund operations for the near term [3] Sales Guidance - XPeng expects second-quarter deliveries to range between 29,000 and 32,000 vehicles, which would represent an increase of about 25% from the same period in 2023 at the lower end of the guidance [4]