XPeng’s Results Miss Forecasts but Guidance Offers Hope. The Stock Is Soaring.

XPeng

investors desperately needed some good news. They didn’t get much with the company’s third-quarter earnings report.

Shares are soaring anyway to start the day. It looks as if the badly beaten up stock already was down enough. Management’s forecasts for fourth-quarter deliveries, which also missed Street estimates, offered a glimmer of hope.