Nvidia stock slipped Wednesday, ahead of the company's earnings report after the close, while Tesla fell sharply.
On Tuesday, Xpeng Inc (NYSE: XPEV) reported its first fiscal quarter results that showed it did a great job of narrowing its loss on the back of higher EV deliveries and improved margins. Upon the results, XPeng’s shares rose 13%. First Quarter Highlights For the quarter ended in March, revenue soared 62.3% to 6.55 billion yuan, which amounts to about $905.21 million, surpassing LSEG estimate of 6.17 billion yuan. The adjusted loss per share amounted to 1.45 yuan, which is better than the consen