On July 2, XPeng declined 5.04% in regular trading, trading at $12.92/share, with turnover of $64.01 million. The pullback followed two consecutive sessions of 5%+ gains on June 29 and July 1, exhibiting a classic buy-the-rumor, sell-the-news pattern.

The decline coincided with the official launch of MONA L03 pre-sales, priced at RMB 143,800 to RMB 165,800. The actual starting price came in above some market estimates of approximately RMB 130,000, dampening initial enthusiasm. XPeng had previously rallied on strong June delivery data of 40,126 units and anticipation surrounding the new SUV unveiling.

Broader sector weakness compounded selling pressure, with Tesla falling 7.08%, Ford declining 2.6%, and General Motors dropping 1.09%. The combination of profit-taking after the pre-sale catalyst materialized and sector-wide headwinds drove the session's decline.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)