🔴 Xpeng is trading 5.98% down today amid a broad technology sector selloff

Xpeng is trading at $13.20 (-5.98%) in pre-market following a broad risk-off move in technology stocks.

• The Nasdaq Composite is down 1.83% as futures weaken amid AI-chip valuation concerns and geopolitical tensions.
• The decline appears driven by market-wide sentiment rather than company-specific factors; Xpeng recently reported over 20,000 firm orders for its Mona L03 model in just seven minutes on July 16.