TSLA's Q2 miss, margin pressure and heavy spending triggered a 14% slide, but stabilizing EV demand, balance sheet strength and FSD gains support a hold.
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Xianming Liu, head of XPeng's General Intelligence Center, told Electrek that the company spends roughly RMB 300 million a month training AI models for autonomous driving.
Chinese EV companies are in the middle of a major international push as they try to rival Tesla's global success.
Li Auto reports a first-quarter per share loss of 15 cents while Wall Street was looking for a loss of 13 cents. XPeng reports a loss of 13 cents; Wall Street expected a loss of 10 cents.
Both XPeng and Li Auto reported a double-digit year-on-year decline in revenue, while still exceeding Wall Street expectations.
Chinese electric-vehicle maker XPeng had a weak start to 2026, slipping back to a loss in the first quarter after becoming profitable at the end of last year.
XPeng's new robotaxi offers an indirect validation of Tesla's approach to developing self-driving cars. On Monday, XPeng stock fell around 4%.
Carmaker Stellantis announced Friday it is considering selling an underutilised factory in Spain to its Chinese joint venture Leapmotor, which could save jobs in the short term but risks further strengthening Chinese automakers.The Stellantis announcement, however, is the first time a European automaker has so openly presented such collaboration on producing models with a Chinese partner.
Volkswagen is considering sharing European plants with Chinese partners while targeting deeper capacity cuts and lower production costs.