Story
Xpeng Stock Falls After July Deliveries Disappoint Investors
Shares of Xpeng Inc. (NYSE: XPEV) fell 3.5% in pre-market trading on August 3, 2026, after the company's latest delivery report fell short of investor expectations for sustained growth momentum.
July Deliveries Signal Slowdown
Xpeng announced on August 1 that it delivered 38,027 vehicles in July 2026. While this figure represents a 4% increase year-over-year, it disappointed investors who were monitoring for a strong start to the third quarter.
The monthly total marks a significant sequential slowdown compared to the company's second-quarter performance, during which it delivered approximately 103,000 vehicles in total. The July figure failed to provide the evidence of accelerating momentum that the market had anticipated, according to an Investing.com report.
Sector Pressure and Analyst Caution
The decline was exacerbated by broader weakness among electric vehicle stocks. Peers like Tesla (NASDAQ: TSLA) and NIO (NYSE: NIO) also saw their shares slip in a sector-wide pullback, underscoring how high investor expectations have become for the industry.
AdAdding to the pressure, analyst sentiment on Xpeng has been cooling. Barclays recently cut its price target on the stock to $15 from $16 and maintained its Underweight rating. The consensus forecast for Xpeng's full-year 2026 performance has also deteriorated, with analysts now projecting:
- A net loss of CN¥2.73 per share, a reversal from a previously forecast profit of CN¥1.08 per share.
- Revenue of CN¥93.9 billion, revised down from an earlier forecast of CN¥97.0 billion.
Market Context
Xpeng's decline is specific to the company and its sector, as the broader U.S. equity markets, including the S&P 500 and Nasdaq, were trading modestly higher. The stock's pre-market price of $12.55 places it just above its 52-week low of $11.77, highlighting its fragile technical position. Investors now appear to be awaiting the company's next earnings report for clearer signs of a sustainable recovery in vehicle demand.
Read next
More on Stocks
FTC Orders Walmart, Uber, Delta to Disclose Data on Personalized Pricing
The U.S. Federal Trade Commission is demanding nine major companies, including leading retail, travel, and gig economy firms, to provide information on how they use consumer data for setting individual prices and wages.
Google Launches Gemini 4 Carbon AI Model to Bolster Cybersecurity Capabilities
Alphabet's Google has unveiled Gemini 4 Carbon, its latest AI model specifically designed for advanced cybersecurity tasks like vulnerability detection and secure code generation. The launch escalates competition with rivals OpenAI and Anthropic in the enterprise AI market.
Oracle Shares Surge After Unveiling $225 Billion Revenue Target for 2030
Oracle stock rose sharply after the company presented a long-term financial outlook targeting at least $225 billion in annual revenue by fiscal 2030, driven by its expanding AI infrastructure business.
DOJ Scrutinizes Nvidia's $12.9B Hugging Face Deal Amid Broader Antitrust Probe, Sources Say
The U.S. Department of Justice is reportedly examining Nvidia's planned $12.93 billion acquisition of AI platform Hugging Face as part of a wider, ongoing antitrust investigation into the chipmaker's market conduct.