While Lucid's EV Isn't Going As Planned, Worksport Receives Substantial Orders
Portfolio Pulse from Upwallstreet
Lucid Group Inc (NASDAQ:LCID) missed its Q2 delivery estimates, delivering 1,404 vehicles, below the expected 1,873. Tesla Inc (NASDAQ:TSLA) is struggling with bloated inventory, leading to discounted EV prices. Worksport Ltd (NASDAQ:WKSP) announced substantial orders for its solar powered tonneau cover SOLIS and remote battery storage system COR. Ford Motor (NYSE:GM) and General Motors (NYSE:GM) are also struggling with EV sales. Aston Martin Lagonda Global Holdings (OTC:ARGGY) signed a long-term strategic technology partnership deal with Lucid.
July 13, 2023 | 2:14 pm
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POSITIVE IMPACT
Aston Martin signed a long-term strategic technology partnership deal with Lucid.
Strategic partnerships can lead to increased revenue and profitability, positively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Worksport announced substantial orders for its products.
Substantial orders can lead to increased revenue and profitability, positively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
General Motors is struggling with EV sales.
Low sales can negatively impact revenue and profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Lucid Group missed its Q2 delivery estimates.
Missing delivery estimates can negatively impact investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Tesla is struggling with bloated inventory, leading to discounted EV prices.
Bloated inventory and discounted prices can negatively impact revenue and profitability.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80