XPENG Reveals Groundbreaking Mobility Technologies at 2022 TECH DAY
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Bank of America Remains Positive on Xpeng (XPEV) Following Technology Day
October 25, 2022 8:01 AM EDTBank of America reiterated a Buy rating and $31.00 price target on XPeng (NYSE: XPEV) following the electric vehicle companys Technology Day where the company gave more details on its XNGP assisted driving program.
XPeng has made its City NGP gradually available to P5 users... More
Deutsche Bank Unsurprised Following Tesla (TSLA) Price Cuts
October 25, 2022 7:21 AM EDTShares of Tesla (NASDAQ: TSLA) are down 0.73% in pre-market trading on Tuesday after price cuts saw the electric vehicle stock close at 211.25 on Monday, down 1.49%. Chinese electric vehicle stocks followed suit with declines averaging 15% compared to the NASDAQs +1%. Deutsche Bank attributes this weakness to negative surprise around the new Chinese leadership selection, lack of updates surrounding COVID zero policies, and concerns following Teslas price cuts.
Tesla lowered the domestic China price for their Model 3 and Model Y by around 5% on Monday. The cuts were not unexpected and should not come... More
