Lucid shares drop over 3% amid Q2 production update and leadership reshuffle.

XPeng shares drop 7% after Q2 revenue miss and weak Q3 outlook despite robotics valuation boost

XPeng's stock fell 7% following a Q2 revenue miss and a softer Q3 revenue forecast, despite a record $6.3 billion valuation for its humanoid robotics unit. The company reported Q2 revenue of $2.91 billion, up 8% year-over-year but below expectations,...