Shares of XPeng Inc. fell over 6% following the company's third-quarter earnings report, which revealed a significant loss that was nonetheless halved compared to the previous year. Despite this improvement, analysts have expressed concerns about the competitive landscape in the electric vehicle (EV) sector, particularly in light of NIO's recent earnings report, which indicated a widening net loss and contributed to a 5% drop in its stock during pre-market trading. XPeng's stock has now decreased by 5.06% in pre-market trading as well. Various analysts have adjusted their ratings and price targets for XPeng, with CMB International Securities upgrading the stock to a buy rating and raising the price target to $16 from $8. BofA Securities also maintained a buy rating while adjusting the target price to $16.2 from $10. Bernstein has a hold rating with a revised price target of $14, up from $9. The broader EV market continues to face challenges, impacting the stock performance of companies like NIO and XPeng.