Hit a corner and slid

[ridingclean]

So I took my brand new TaoTao Quantum for a test drive this evening and was accelerating to hit a left turn and went too far down on my left turn, wheels gave out and the bike slid. I rolled twice and am mostly ok, though my knee hurts

Anyway when I got it home I noticed some white smoke coming from the tailpipe where it meets the exhaust portion. I went around to the left side to find some more damage.

Any suggestions on what this might be? I had just changed the oil, possibly put a little too much so I'm hoping its just extra oil but I'm thinking it could be a blown head gasket.

Edit: The smoke stopped after I tightened the connection on the exhaust where it meets the pipe. I'm guessing it was just exhaust. Seems to be running fine for now.