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XPeng Q3 earnings: Here’s what you need to know

China-based electric car maker XPeng (NYSE: XPEV) is scheduled to report third-quarter 2021 earnings before U.S. markets open on Tuesday, November 23.

XPeng Q3 earnings: Here’s what you need to know

China-based electric car maker XPeng (NYSE: XPEV) is scheduled to report third-quarter 2021 earnings before U.S. markets open on Tuesday, November 23. The company is expected to post quarterly earnings of -$0.33 per share and revenues are expected to be $820 million.

Investors expect that XPeng had a good quarter as the company has already released its delivery numbers. The company delivered 25,666 vehicles in the third quarter, up 48% from the second quarter and 199% from the same period last year.

Most recently, XPeng announced the sixth generation of its flying car, and the company also unveiled the XPeng G 9, its fourth electric model. XPeng G9 uses XPower 3.0 power system with 800V SiC platform, capable of running 200km after just 5 minutes of charging.

$XPEV Technical analysis

On the daily time frame, the $XPEV is currently supported at $43.80 and the resistance is above $50.00. The stock climbed more than 30% in October. On the upper side, $50 remains the key resistance area to watch. If the stock break and close above $50, the next level to watch $60 and then the crucial resistance area $74. On the downside, any meaningful pullback now seems to find some support near the $43.80 zones, below which the slide could further get extended towards the $38 and $34 regions.

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