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Options Corner: XPeng's 'Falling Wedge' Potentially Signals Incoming Upside

Benzinga ·  Jan 3 21:13

Although Chinese electric vehicle manufacturers such as sector powerhouseXPeng Inc – ADR(NYSE:XPEV) benefited from significant interest earlier this decade, recent years have witnessed lackluster market performances. Nevertheless,Tesla Inc(NASDAQ:TSLA) CEO Elon Musk recognizes the upside potential of XPEV stock and its ilk.

Last year, during Tesla's fourth-quarter earnings call in January, Musk had choice words for the Chinese EV competition. "Frankly, I think if there are not trade barriers established, they will pretty much demolish most other car companies in the world. So they're extremely good."

It's not just empty praise. In...

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