News Snapshot:
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Koshiro K / Shutterstock Chinese electric vehicle (EV) maker Xpeng (NYSE:XPEV) just reported disappointing quarterly results and a bleak outlook. Some investors weren’t rattled by the numbers, however. XPEV stock rose by 23 cents yesterday to $8.33 per share. It also rose further overnight even after reporting shrinking margins and a widened loss. Looking forward, the company said it will undertake cost-cutting measures. Shares opened today at about $8.50 per share. For the fourth quarter, Xpeng said it lost $388 million, or 20 cents per share, on revenue of...
