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When and How Traders Can Play XPeng
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Chinese EV Stocks: Why XPEV, NIO, LI Stocks Are Hitting the Brakes Today
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Delivery Uptrend Should Boost the Spirits of Xpeng Investors © Source: Andy Feng / Shutterstock.com Xpeng logo and P7 model in store XPEV stock
In case you didn’t get the memo, there’s a global semiconductor supply shortage in progress. Knowing this, investors might be concerned about China-based electric vehicle (EV) maker
Xpeng (NYSE: © Provided by InvestorPlace Xpeng logo and P7 model in store XPEV stock
Personally, I feel that this would be a mistake. Xpeng shares are certainly down from their peak price, but an investment in the company isn’t “dead money” by any means.
As we’ll see, a prominent executive at Xpeng isn’t fazed by the chip shortage. If anything, he’s beaming with confidence, and he’s got the stats to back it up.
Deliveries and Strategic Alliances Add to XPeng’s Appeal InvestorPlace 1 day ago © Source: Andy Feng / Shutterstock.com Xpeng logo and P7 model in store XPEV stock
Despite the pandemic, some electric vehicle (EV) companies have been able to deliver, and among them is
Xpeng (NASDAQ: © Provided by InvestorPlace Xpeng logo and P7 model in store XPEV stock
If you thought that the EV market is ready for a slowdown, you are wrong. The industry is expanding across borders. EV companies have had a huge increase in investor interest over the past year.
Despite the increasing competition in the industry, XPeng has maintained its foothold. XPEV stock is trading closer to its August 2020 level of $22 and has the potential to double. It was recently trading around $27. The company is a major Chinese EV pure-play and has the potential to scale and deliver.
Why Xpeng a Worthwhile Gamble for Speculators InvestorPlace 1/7/2021
Xpeng (NYSE:
XPEV) stock is trading far from its $74.49 peak reached the height of the electric vehicle bubble. Still, chances are high that its original investors bought the stock at below $20. © Provided by InvestorPlace Xpeng logo and P7 model in store XPEV stock
XPEV stock traded in the $17-$20 for the first three months following its initial public offering. And because the Biden administration is set to push clean energy with $40 billion, speculators are scurrying.
The global EV push will continue driving growth. After
Tesla (NASDAQ:
Global Delivery Lifts XPEV Stock
On Dec. 16, Xpeng delivered its first EV to Norway. The headline failed to lift the stock at the time. Markets may have “sold on the news.” That is, it already priced in the value of the headline and once it happened, investors sold shares to take a profit.
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