Xpeng's third-quarter delivery guidance likely missed expectations due to disruptions to the ramp-up of its Mona L03 model. "XPeng's Shares Fall Sharply on Third-Quarter Guidance Miss," at 0327 GMT, incorrectly referred to a Mona L02 model.

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.