You can almost feel the love when it comes to Chinese electric vehicle maker XPeng (NASDAQ:XPEV). Investors poured it on yesterday, pushing XPEV stock up 7.34%.
There is a lot to love. Sales for the third quarter, reported in November, were up 52% from the previous quarter, 187% higher than a year earlier. Gross margins tripled and net losses fell 21%.
But do you really want to pay 12 times revenue for a Chinese company?
The post XPeng Stock: Here’s Why I Don’t Feel the Love That Others Do appeared first on InvestorPlace.