XPeng Stock Rises on Earnings Beat. That Wasnt The Biggest Surprise. – Barrons

Stock in Chinese electric-vehicle maker XPeng was rising Tuesday after the company reported better-than-expected third-quarter results. Sales and earnings beats, however, weren’t the only surprise for investors.

There was a new word in the company’s earnings release: robotaxis.

XPeng (ticker: XPEV ) shares rose 12.5% to $53.31. The S&P…

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