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XPeng (XPEV) Tumbles 6% as China Reports Lower EV Deliveries

We recently published 10 Stocks That Vanished in Value XPeng Inc. (NYSE:XPEV) is one of the worst-performing stocks on Tuesday.

XPeng Inc. snapped a three-day winning streak on Tuesday, losing 6.08 percent to close at $20.08 apiece as investors repositioned portfolios ahead of the release of its earnings performance next week, while also digesting news of lower vehicle deliveries in China.

According to the company, it is set to announce the results of its second quarter earnings performance before market open on Tuesday, August 19.

In other news, XPeng Inc. (NYSE:XPEV) confirmed last week the launch of its first hybrid vehicle in the fourth quarter of the year.

This followed the release of China’s Ministry of Industry and Information Technology’s catalog of expected vehicle launches, which included the X9 EREV, the hybrid version of the X9 variant.

According to XPeng Inc. (NYSE:XPEV) CEO He Xiaopeng, the X9 EREV will be a global model, having been tested in 20 countries and 330 cities.

The X9 EREV is slightly longer than the all-electric X9, and is equipped with a 1.5-liter engine as an extender.

Photo by J Dean on Unsplash

Meanwhile, the China Association of Automobile Manufacturers (CAAM) said that total EV deliveries, comprising passenger and commercial vehicles, slid by 5 percent month-on-month to 1.26 million units in July.

The decline was attributed to Beijing’s earlier calls to roll back on discounts and focus on profitability first.

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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