D-Wave Quantum Inc. (QBTS)- Should I sell? NYSE - Nasdaq Real Time Price. 2.2879+0.5179 (+29.2599%) As of 02:19PM EDT.
$145 open 3 children pounced!!!!!!> That's why we have Morning notes! SiteOne Landscape Supply, Inc. (SITE) NYSE - Nasdaq Real Time Price. 151.60+8.88(+6.22%)<-------------- As of 02:39PM EDT.
Last time we did a factory open story we nailed a huge return PureCycle here is another one-- Worksport The Saga Of Bringing Electric Pickups To Roads Has Collaboration Written All Over It Mon, June 5, 2023, 12:04 PM EDT In this article: TSLA F WKSP 2023 has been deemed as the year of the electric pickup. This particular vehicle is considered as the backbone of the automotive industry, especially in the U.S. But, as electrification transforms the entire industry, electrifying pickups can seem even more daunting for automakers compared to producing EVs. Besides the scary costs that come with EVs and make it harder for automakers to keep their finances in check, pickup makers are also in for other manufacturing and production challenges. For this reason, there’s still no automaker that produces electric pickups at a scale. But the contenders are the EV king himself, Tesla. Inc (NASDAQ:TSLA), legacy automakers such as Ford Motor (NYSE:F) and General Motors (NYSE:GM), as well as EV startups like Rivian Automotive Inc (NASDAQ:RIVN). However, there are also players from the automotive parts field that can play a big part in the electric pickup race, such as Worksport Ltd (NASDAQ:WKSP). Rivian Has Set The Benchmark The EV startup currently has three models on the roads: a delivery van (the EDV), pickup truck (the R1T), and SUV (the R1S). Despite the usual startup and manufacturing pains, Rivian came close to meeting its 2022 production target of 25,000 units as its annual output amounted to 24,337 units. It aims to double its output this year and it affirmed its guidance during the latest earnings report. Even if it loosens its ties with Amazon regarding exclusive delivery truck orders, it still counts on the tech titan as its investor for support. Tesla’s About To Throw Its Hat In The Electric Pickup Ring Although even the cash-abundant Tesla struggled more than it anticipated on this front. After several delays, its eagerly anticipated Cybertruck is finally coming by the end of the year with the initial production goal being 2021. But even if Tesla rolls it off the production line this year, mass production won’t happen before 2024. When it comes to Tesla, Musk’s quarterly investor calls are the place where one learns about the company’s plans. The world still does not know much about the truck besides the fact it does not resemble any truck that exists on the market. Meanwhile, GM’s subsidiary, GMC is already selling the Hummer EV. While also pushing in the midsize pickup truck department, GM has also announced the Chevrolet Silverado EV and a GMC Sierra EV, both of which could possibly hit production before Tesla’s Cybertruck. Ford Is Trying To Regain Its Pickup Supremacy In The EV Universe Ford has paused the production of its electric pickup, F-150 Lightning for almost a month this spring due to a battery issue. Its peer, Lordstown Motor Corporation (NASDAQ:RIDE) also halted production of its electric pickup Endurance back in February due to quality issues. So, regardless of the experience and the company’s history, making electric pickups is no picnic for anyone. For this reason, Ford joined forces with Tesla to create its EV ecosystem. Ford’s future vehicles will benefit directly from Tesla’s supercharging infrastructure without needing an adapter. After this surprising move, Ford CEO Jim Farley predicts an acceleration of cooperation across the industry. If Farley’s right, Tesla is on the way to change the charging norm of the industry. On Wednesday, Farley stated that the challenging cost of EVs will remain higher compared to their ICE counterparts until the end of the decade. Simply put, it will take second and third generation models to come to life to achieve the know-how. As of 2030, Farley expects costs savings from smaller batteries and the fact that vehicles will require fewer parts. Worksport Can Help Those That Didn’t Even Stand A Chance Enter The Pickup Race This renown tonneau cover manufacturer possibly has two game-changing products on its hands. The solar powered tonneau cover Terravis and the remote power storage COR promise to revolutionize truck beds. Hyundai has gained the right to use this potentially groundbreaking technology in its Santa Cruz SUV. Worksport’s U.S. factory in New York already has the equipment installed, first materials have been received and skilled staff has been trained. This week, it officially launched the SC4 PRO soft folding tonneau cover, and like all of its products, it is available on Amazon and Walmart. With its patented solar-powered accessories, Worksport will be able to help pickup makers in easing the challenges of the manufacturing battle. All in all, bringing electric pickups to life turned out to be a daunting task even for the most powerful players. It is a competitive and challenging battle that is far from over, and therefore, cooperation in many forms and across the industry seems the inevitable and only way forward. It seems that pickups are the biggest EV challenge and Ford is the first legacy automaker to acknowledge that only team effort can bring this electric future to life.
Worksport Ltd. (WKSP) NasdaqCM - NasdaqCM Real Time Price. 2.6200+0.0500(+1.95%) As of 02:29PM EDT. Market open. Worksport CEO says main goal in 2023 to complete NY factory 01/10/23 WKSP CEO Steven Rossi said, "As Worksport's CEO, let me begin by wishing everyone a Happy and Healthy 2023. There is much to accomplish in the year ahead. Looking back at 2022, we made significant overall progress but faced challenges that caused setbacks in getting our recently acquired U.S. factory in upstate New York ready for production. Finding the best suitable solar supply partners took more time than initially expected due mainly to Worksport's high standard of quality and rigorous testing. In addition, we experienced delays in procuring the factory's required machinery, which unfortunately caused the current holdup in our production readiness. I am proud to announce that those challenges have been successfully resolved, and we are moving toward our goal of producing our Hard Folding Tonneau Covers and SOLIS Tonneau Covers in our very own U.S. factory...Our main goal is straightforward and clear: complete our NY factory to start manufacturing as soon as possible to meet current demand. Finishing our factory will open the doors for meaningful revenue growth. For me personally, as Worksport's CEO, it has been frustrating talking to clients who want to order significant quantities of our products -- and even signing letters of intent -- while we are preparing the factory. Yet they can tell we have invested in R&D of 'made in the U.S.' compared with our 'made in China' product offering. That's a good sign, but we need to get these products off the line and into the hands of our partners and consumers. We plan to continue investing in and developing our Intellectual Property. At the end of January, our team has an inspection planned for a key piece of manufacturing equipment, and if everything is approved, it can be shipped to our plant with an arrival expected in March. After its installation, training can start. It will take a few weeks, but then we should be able to begin our automated production processes finally. This will be a great celebration for the team and investors because Worksport will be capable of switching from building out our New York factory to producing U.S.-made hard covers and SOLIS solar covers. This will shift the focus to our next target, sales and revenue growth, and then -- profitability and sustainable growth. And that is what matters to investors, for the company and future product innovations for our clients. Building a business always comes with obstacles, but I am happy to confirm that we are still on track to deliver on our promise: to bring truck bed manufacturing to the U.S. in our very own New York State factory. We have encountered many challenges and delays but are proud to say that we have overcome each and are on track to open our US factory this year. Our two main goals for 2023 are: 1. Finish building our West Seneca, NY factory as soon as possible; and 2. Aim for profits and sustainable growth."
Watching->Bridgeline Digital, Inc. (BLIN) NasdaqCM - NasdaqCM Real Time Price. 1.1200+0.0400(+3.70%) As of 02:45PM EDT.
Hummmmmm> looks like we might have a trade in TopGolf- Just last Fri----- Topgolf Callaway shares 'oversold' at current valuation, says Stephens 09:07 MODG Following virtual meetings with Topgolf management, Stephens says the firm is "increasingly confident the stock remains undervalued" and "oversold" at current levels. The firm believes current targets are achievable and the rollout of the PIE initiative could provide upside to venue profitability, says the analyst, who maintains an Overweight rating and $33 price target on Topgolf Callaway shares. Show Related Items >> Roth MKM positive on Topgolf Callaway after investor event 08:59 MODG Roth MKM keeps a Buy rating and $34 price target on Topgolf Callaway after its management held a "positive" investor event. The company has indicated that its bay utilization has grown to almost 80% during weekend peak hours, up from low-70s% last April, and the management's goal is to be in the upper 80% range, the analyst tells investors in a research note, also stating that there is an opportunity to increase base and reservation price, especially during peak times on the weekend. Roth MKM added that Topgolf's bay inventory/reservation management system is currently generating a 2% sales lift to venues where it has been implemented, and the company remains on track to rollout the system in all units by the end of 2023.
VP of Topgolf Callaway (MODG) Rebecca Fine purchased 7,000 shares of company stock at $16.23 per share for a total transaction amount of $113,610 Topgolf Callaway gains after BofA backs bullish view SA NewsYesterday, 7:07 AM
Very interesting-! Comeback Chart. This would be a good long term play in my son's account. MODG Topgolf Callaway Brands Corp. $19.14 0.85 (+4.65%)3:16 PM 06/06/23 NYSE | $USD | Realtime