XPeng stock price has stagnated in the past few weeks, but this could change when the Tesla and Nio rival publishes its financial results for the first quarter. XPEV was trading at $20.67, down by 23% from its highest point this year, and 28% above its lowest level this year. This article explores what to expect this week.
XPeng’s growth is continuing
XPeng is a top electric vehicle company that manufactures a few brands like G3, G6, G7, G9, P5, and P7. It makes sedans, crossovers, and sports utility vehicles that have become highly popular in China. It is also working on its electric flying cars that will come out next year.
XPeng’s business has done well in the past few years as deliveries continued rising even as competition with companies like Nio, Tesla, and BYD continued.
The most recent numbers showed that it delivered 35,045 vehicles in April, a 273% annual increase. It has delivered 30,000 vehicles a month in the last six months, and the management expects its growth to accelerate.
Most of this growth is coming from its Mona M03 vehicle, which achieved its 100,000th production rate and P7+, which got to its 50,000 milestone. XPeng has already delivered 129,053 vehicles this year, a 313% annual increase.
Delivering such numbers is an important milestone for the company considering that the EV business is getting highly competitive and saturated. It is estimated that there are over 40 EV companies in the country.
BYD maintains a leading market share, with other brands like Tesla, Nio, Li Auto, Zeekr, and Geely, among others. Most notably, its deliveries are coming as Tesla sales continue falling. Its first-quarter deliveries dropped to 336,680, down from 386,810 in the same period last year.
Read more: Here’s why the XPeng stock price may surge 140% in 2025
XPEV earnings ahead
The next important catalyst for the XPEV stock price will be its earnings, which are expected to be strong. Yahoo Finance data shows that the company’s revenue will come in at CNY 15.68 billion, a 139% annual increase.
Analysts also expect the annual revenue to come in at CNY 80.79 billion, a 97% annual increase. The earnings per share is expected to be a loss of 1.51 CNY, an increase from 1.49.
XPeng’s losses have been a major challenge as its development costs have jumped over the years. It has also spent millions of dollars in share-based compensation.
Nonetheless, the management expects to continue narrowing its losses as its business matures. Its annual EPS for the year will be 2.82 CNY, down from 5.87 CNY, a big improvement. It also expects to become profitable next year when it will make 1.76 CNY in earnings per share.
Analysts are upbeat about the XPeng stock price, with the average estimate being $25, up from the current $20.6.
XPeng stock price analysis
The daily chart shows that the XPEV share price peaked at $27.15 earlier this year, and then dropped to $20.6 today. It has remained above the 50-day and 100-day Exponential Moving Averages (EMA).
The risk, however, is that the XPeng stock price has formed a bearish pennant chart pattern, a popular bearish sign. This pattern is made up of a vertical line and a symmetrical triangle pattern.
Therefore, anything may happen this week. The bearish pennant points to more downside, potentially to the 100-day EMA at $18.25. The alternative is where the XPeng stock price bounces back after earnings and retests the year-to-date high of $27, up by 31% above the current level.
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