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Nio Could Rally to New Highs Like Tesla

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Xpeng Stock Ready To Fly?

Xpeng surged Monday on a big day for EV stocks, closing just above a 48.08 buy point from a bottoming base. That buy point is still valid, though investors could use Tuesday’s intraday high or the downtrend of this quasi-handle as alternative entries. The Chinese EV maker showed off various products over the last weekend, including a flying car. Early next week, Xpeng and rivals Nio and Li Auto will likely release October deliveries. That could be a catalyst for big gains or losses.

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