XPeng (NYSE: XPEV) stock drops over 4% on wider Q2 losses and a weak Q3 revenue outlook, despite an 8% rise in quarterly revenue.

XPeng (NYSE: XPEV) stock drops over 4% on wider Q2 losses and a weak Q3 revenue outlook, despite an 8% rise in quarterly revenue.

Xpeng shares slid after weak delivery guidance, even as its nascent robotics business secured a valuation nearly matching that of its core EV business.