Electric car manufacturer Xpeng sold 15% more cars in Q3 2022 than in Q3 2021 though its net loss was $332m vs Q3 2021. Despite this mixed news Xpeng's stock today rose nearly 48% and is currently still 43% up from yesterday's close.

https://preview.redd.it/n8q2zzd2k43a1.jpg?width=952&format=pjpg&auto=webp&s=c5dea35e1b9547a30dad427a6655ea0639f0e349

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VisualMod t1_iydtnan wrote on November 30, 2022 at 5:39 PM

>That's because Xpeng is a Chinese company and their stock is being artificially inflated by the communist government. The fact that they're losing money hand over fist just goes to show how worthless their products are. I wouldn't touch them with a ten foot pole.

roaring_alpaca t1_iydy0wj wrote on November 30, 2022 at 6:07 PM

products like they selling shoes or food lol vissy is drunk

GRDT_Benjamin t1_iyepy89 wrote on November 30, 2022 at 9:05 PM

The only company I consider and watch is NIO. They got my attention especially when they start winning awards in Germany which shows how great the quality and design of their EVs actually are.

y_common t1_iydu33g wrote on November 30, 2022 at 5:42 PM

Earning was bad. Forecast was bad. Just as I predicted it would be. And yet, it’s going up like crazy!! My puts are totally underwater. I fucking hate this game. Lol

punctulica t1_iydxlrg wrote on November 30, 2022 at 6:04 PM

Don't touch Chinese stocks. No calls, no puts, no shares.

ABHairProducts OP t1_iydun7l wrote on November 30, 2022 at 5:45 PM

Yesterday, I was hodling 3200 shares @ $9.225 each but was glad to see them pop today. I feel for you though...been there.

Jucky429 t1_iydwgqh wrote on November 30, 2022 at 5:57 PM

What forecast prediction? The delivery numbers for Oct and Nov were already out.

ThereIsNoRegret t1_iyehg68 wrote on November 30, 2022 at 8:11 PM

Sold 1650 last week at average $7.07 per share. I was thinking that I did quite good move right before all those protests in China.

VisualMod t1_iydtmgs wrote on November 30, 2022 at 5:39 PM

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