XPeng (XPEV) Stock Falls 45% YTD: Is This a Buying Opportunity?
XPENG(XPEV) ZACKS·2024-06-05 20:01
XPeng Inc. (XPEV) is facing a challenging time on the bourses of late, with its shares plummeting roughly 45% since the beginning of the year, significantly underperforming the industry and the S&P 500.Image Source: Zacks Investment ResearchThis decline reflects broader challenges in the electric vehicle (EV) market, including subdued demand and concerns over infrastructure. From an all-time high of roughly $70 a share in 2020, the stock is now hovering at around $8 per share. The exuberance surrounding e-m ...