Xos is trading 24.81% down now at $1.94 after August 13 earnings showed $4.7 million revenue versus $12.15 million expected.
- Deliveries fell to 30 units.
- Management reduced full-year 2026 revenue guidance to $35–$43 million and deliveries to 250–350 units as a strategic powertrain and Power Hub transition deferred vehicle shipments.
- The stock’s weakness is company-specific despite a broadly stable market.