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Noah Hamman sets the stage for Tesla's (TSLA) earnings after Wednesday's closing bell. His biggest point of focus: EV sales, which he believes will show growth thanks to international markets.
Tesla stock dropped to a crucial support level on Friday as traders waited for the upcoming earnings. It also retreated as Xpeng, a top Chinese rival, hinted that it was about to launch a new Model Y killer.
Unveiling marks the company's first global vehicle launch outside China as it steps up expansion in Europe and other overseas markets amid intensifying competition at home.
XPeng had a soft first quarter where deliveries dipped and revenue growth turned negative, spooking a market already nervous about weak Chinese New Energy Vehicle sales. I expect a sharp reacceleration of vehicle sales and revenue through Q3 and Q4 2026, driven by new model releases including the GX flagship SUV and the upcoming L03/L05 SUVs. Gross margins have held firm above 20% despite rising component costs, driven by high-margin revenue from Volkswagen for VLA 2.0 and co-developed vehicles.
The Chinese electric-vehicle maker plans to launch its humanoid robot globally next year, as part of efforts to transform into a physical AI company.
The California-based startup has struggled with sales, quality issues and turnover.
Humanoid startup LimX raised $200 million in a pre-IPO round that values the company at $2.21 billion. Founder Will Zhang said the technology has reached a point where going public is necessary.
XPeng delivered 103,295 vehicles in Q2, surpassing its guidance midpoint and showing strong Mona and GX momentum. Mona-branded deliveries accounted for 36% of June's total, while GX represented 17% of deliveries, supporting expectations for sequential gross margin gains in Q2. The company's price-to-revenue ratio of 0.6x remains higher than peers, but recent downside revaluation enhances its risk/reward appeal.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.