Why XPENG stock keeps falling...(where to next?) | xpev stock news & prediction for xpeng next week

This video is about why Xpeng stock is down recently, along with my xpeng stock price prediction for next week. In this video I will attempt to address the following questions:

1. Why does the xpev stock price keep going down?
2. Will Xpeng stock go up next week?
3. Is xpeng stock still a buy?

So, as we know, Xpeng announced a secondary stock offering this week to the tune of 55 million American depositary shares at $45 each. This announcement led the xpev stock price to continue on its downwards trend as people saw the offering price below the price xpeng stock was trading at during the time of the announcement. This is a normal response, as we've seen when other EV companies have raised capital.

This capital raise was a good thing for XPENG's future, and the future of the xpev stock price as it means they will have the financial resources to continue developing their new vehicles and XPILOT autonomous driving system.

This pullback follows on from the downward trend XPENG stock has been following since the talks began about the potential of xpev stock along with other Chinese stocks being delisted from the NYSE, and the internal investigations into 2 EV manufacturers in China by the government.

Since reaching all-time highs of around $75 per share last month, the Xpeng stock price has pulled back by about 40%, which in my mind is a great entry point as I believe xpeng stock is a good invesment long-term.

So, to answer the questions listed earlier:

1. Why does the xpev stock price keep going down?
Multiple reasons. Xpeng announced a secondary share offering which often pulls down company stock prices. This announcement coupled with other external news has been impacting the xpev stock price as of late.

2. Will Xpeng stock go up next week?
Yes. I believe now that the Xpeng stock price has pulled back around 40% from its all-time highs, the xpev stock is in a good position to begin another run up next week.

3. Is xpeng stock still a buy?
Yes. Xpeng is a great up and coming ev company that is focused on growth, expansion, and the development of full autonomous driving, which will mean the xpeng stock will go up as the company grows.

#XPENG #xpev #XpengNextWeek

DISCLAIMER: I am NOT a financial advisor, and therefore all information and opinions expressed within this video and all videos on the Stock Watch channel should be used for entertainment purposes only. Individuals are advised to seek the advice of a professional before committing to any financial decisions.