Is there light at the end of the tunnel?
I just hope that light we see is not a train!
So, I couldn't watch Xpev anymore. I have a lot of personal opinions on how the CEO is managing the company. I think he is an amazing engineer, but he is clueless between what is an asset vers a liability. I know a lot of smart people who can't run a business because they are not in it for the money but more for their personal pride! In order for Xpeng to survive, I think it's critical that the CEO hand over the reins to someone who will manage the company like a business and not a hobby.
Having said all this. based on technical stock analysis, we might be coming to a double bottom if it holds 7.19. If not, watch out for full collapse. I think we won't see anything on till the qtr earnings.
The move today is clearing the pipe to flushout the reminders of the weak hands. Believe me, if you hold Xpeng you definitely have been considering SELLING XPEV this past two weeks.
please give me your feedback if you think my assessment is wrong.
![Is there light at the end of the tunnel?](https://ussnsimg.moomoo.com/sns_client_feed/71866828/20240706/1720200970422-random938-71866828-android-compress.jpg/big?area=100&is_public=true)
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bullrider_21 : It's not easy for China EV makers. Tariff in the US and EU. Canada is also considering tariff.
bullrider_21 : Xpeng the debuted the Mona M03. It's expected to help the company improve sales in the second half of the year. It will be priced under RMB 200,000 yuan (USD27,500), with an official launch set for Aug.
It will have the strongest smart driving capabilities for an affordable EV.