Tesla Rival Becomes First Chinese EV Company To Make Robotaxis. Both Stocks Fall.
The introduction of XPeng's latest robotaxi has been seen as a confirmation of Tesla's strategy for advancing self-driving vehicles. This week, XPeng shares experienced a decline of approximately 4%, while Tesla saw a drop of around 3%. This move marks XPeng as the initial Chinese electric vehicle company to enter the robotaxi market, causing a simultaneous decrease in the stock prices of both companies.
Source: Unusual Whales The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments