What's Going On With XPeng Stock On Monday?

XPeng stock declined 3.49% to $15.07 on Monday despite unveiling its first mass-produced Robotaxi built on proprietary technology, with pilot operations planned for H2 2026 and full autonomy by early 2027. April deliveries reached 31,011 vehicles (up 13% MoM but down 11.5% YoY), while the company targets humanoid robot production in Q4 2026 and has received 7,000 flying car orders. The stock trades 7.3% below its 20-day SMA and 23.9% below its 200-day SMA, with analysts maintaining a Hold rating and $21.06 price target.