XPEV Stock Alert: XPeng Surges on Higher Delivery Forecast

XPeng (NYSE:XPEV) stock is on the climb today, up 5% as of this writing after delivering a promising first-quarter earnings report this morning. The Chinese electric vehicle (EV) maker managed to handily beat earnings, margin and guidance estimates in its fiscal Q1.Indeed, XPeng announced an EPS loss of 10 cents on sales of $907 million, better than forecasts for a 33 cent EPS loss on $859 million in sales. Revenue came in at nearly double the sales the company reported a year prior.The company’s sales were ...