Xos is trading 15.89% down now at $2.17 after its August 13 earnings release showed second-quarter revenue of $4.7 million versus $12.15 million expected, with only 30 units delivered.
- Management lowered full-year 2026 revenue guidance to $35–$43 million and deliveries to 250–350 units, citing delivery deferrals and a strategic shift toward powertrains and power hubs.
- The broader market is mixed, so company-specific earnings weakness appears to be driving the decline.