This EV Maker Returned More Than Tesla Over Past Year
Portfolio Pulse from Surbhi Jain
Over the past year, XPeng Inc (XPEV) has outperformed Tesla Inc (TSLA) with a 38.49% return on investment compared to Tesla's 32.75%. XPeng's stock growth is attributed to strong delivery numbers and the launch of a new MPV model aimed at wealthier Chinese households. XPeng expects to deliver between 59,000 and 63,500 vehicles in Q4. Meanwhile, other EV makers like NIO Inc (NIO) and Lucid Group Inc (LCID) have seen significant declines in their stock value over the same period.
December 06, 2023 | 1:10 pm
News sentiment analysis
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NEGATIVE IMPACT
Lucid Group Inc's stock has fallen by 51.56% over the past year, indicating a bearish trend in the market.
Lucid Group's substantial stock decline over the past year suggests a negative short term impact, with investor sentiment possibly remaining low.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
NIO Inc's stock has decreased by 43.88% over the past year, underperforming in the EV market.
NIO's significant stock decline indicates a negative trend that may continue in the short term, especially when compared to its competitors' performance.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Tesla Inc has seen a 32.75% return over the past year, bolstered by Cybertruck production news and record car deliveries.
Tesla's positive performance and the anticipation of the Cybertruck production are likely to maintain investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
XPeng Inc has outperformed Tesla with a 38.49% return over the past year, driven by strong delivery numbers and the launch of a new MPV model.
XPeng's higher return compared to Tesla and the launch of a new MPV model targeting a lucrative market segment suggest a positive short term outlook for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90