Quick Read – XPeng sinks 7% after Q3 guidance missed Wall Street’s consensus by roughly 15%, pulling NIO down 4% in sympathy. – Alibaba and Tencent joined a $900 million raise valuing XPeng’s IRON humanoid robotics unit at $6.3 billion, China’s largest single embodied AI round….
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Chinese electric-vehicle ADRs are driving Monday morning’s selling. XPeng (NYSE:XPEV) stock is down 7% to $11.40 after a Q2 2026 revenue miss and soft Q3 2026 outlook overshadowed a record valuation for the company’s humanoid robotics arm. Meanwhile, NIO (NYSE:NIO) stock is dropping 4% to $4.45 in sympathy with its Chinese EV peer.
Tesla (NASDAQ:TSLA) stock is sliding 2% to $354.06, a milder cut than the ADRs. Also, Lucid (NASDAQ:LCID) shares are slipping 1% to $5.46, while Rivian (NASDAQ:RIVN) stock is rising 0.7% to $17.09 against the trend. XPeng stock was down 40% year to date (YTD) through Friday’s close, extending an already brutal run.