Why didn't Xpeng move more?

Xpeng announced that they delivered 20k vehicles in October 2023.  To put that into perspective, that is 292% increase compared to the same period last year and 31% increase compared to previous month.  This is extremely positive news.  So why did xpeng only move 7%?  Well, selling a lot of cars doesn't mean making a lot of money.  Because you can sell a lot of cars if you are giving it away.  My viewpoint is that the big investors are waiting to see how much of the revenue trickles down to the bottom line.  People are being very cautious because of fake news spreading  that China is collapsing.  This quarter earnings release will be extremely important for Xpeng.  Because this is the first full qtr after all the changes and new line of cars.  The quarter will set the tone for the rest of the year and early next year.  It is good news that xpeng has been holding around $15.  But this is the pivot for Xpeng.  Good news, and it will rocket up another leg.  Bad news it will retest $10 again.

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