Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car

Chinese EV company Xpeng sees shares pop 6% after it launches mass-market car


Key Points
  • Xpeng shares rose after the Chinese electric car company said prices for its new mass-market Mona brand would start as low as $16,812, far below that of Tesla’s Model 3.
  • The Chinese automaker said orders for the Mona M03 electric coupe exceeded 10,000 just 52 minutes after the car’s formal launch Tuesday evening in Beijing.
  • Xpeng shares remain more than 45% lower for the year so far.



Source

Stocks making the biggest moves after hours: Nucor, Waste Management, F5, NXP and more
Finance

Stocks making the biggest moves after hours: Nucor, Waste Management, F5, NXP and more

Check out the companies making headlines in after-hours trading. Nucor — Shares of the steel products manufacturer added 3% after reporting strong results for the third quarter. Nucor said its earnings per share for the period was $2.63 per share, exceeding its earlier guidance that suggested earnings would be between $2.05 and $2.15 per share, […]

Read More
Stocks making the biggest moves midday: Qualcomm, Fermi, Dyne Therapeutics, Organon, Snowflake and more
Finance

Stocks making the biggest moves midday: Qualcomm, Fermi, Dyne Therapeutics, Organon, Snowflake and more

Check out the companies making the biggest moves midday: Qualcomm — The chipmaker soared more than 11% after announcing artificial intelligence processors to compete with AMD and Nvidia . The AI chips are a shift for Qualcomm , which has previously focused on semiconductors for wireless connectivity and mobile devices, not massive data centers. Intellia […]

Read More
Berkshire Hathaway downgraded to sell by KBW, citing Buffett succession, ‘many’ other issues
Finance

Berkshire Hathaway downgraded to sell by KBW, citing Buffett succession, ‘many’ other issues

Keefe, Bruyette & Woods downgraded Berkshire Hathaway to underperform, warning that Warren Buffett’s succession risk and a slew of business-specific headwinds could weigh on the conglomerate’s earnings and share performance over the next year. The brokerage slashed its rating to the equivalent of sell from neutral, and cut its price target for Berkshire’s Class A […]

Read More