XPeng reported a wider-than-expected loss for the third-straight quarter. It rockets toward a record rally despite missing the mark with the easing of China's Zero-Covid policy.
XPeng jumped in spite of the missed earnings, lower forward guidance, and Jefferies analyst's recent downgrade of the EV maker.
There are lots of money sitting on the sideline and people are hungry to make some more. Many are looking for the right signal and it helps that Powell signals a slower pace of rate hikes.
Do you think XPeng's strongest one-day percentage gain is because the Bulls have had enough or just the sign that China is hinting at easing its Covid policy?
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