Electric Pickups Are Upleveling The Power Of EVs
Portfolio Pulse from Upwallstreet
Electric pickup trucks are gaining traction, with Rivian's R1T already on the road and Tesla's Cybertruck expected by year-end. Worksport Ltd's SOLIS and COR products are designed to enhance the power of these vehicles. SOLIS is a solar-powered tonneau cover that can charge EV pickups, while COR is a portable battery system. Ford Motor and General Motors are also mentioned as players in the EV pickup market, but Ford is facing setbacks and is expected to lose $1.5 billion more than anticipated this year in its EV segment.
August 21, 2023 | 1:52 pm
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NEGATIVE IMPACT
Ford is facing setbacks in its EV segment and is expected to lose $1.5 billion more than anticipated this year, which could negatively impact the company's stock.
Ford's setbacks and larger than expected losses in its EV segment could create negative sentiment around the company's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
General Motors is mentioned as a player in the EV pickup market, but no specific news is provided that could impact the company's stock.
General Motors is mentioned as a player in the EV pickup market, but without specific news or developments, it's unclear how this will impact the company's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Hyundai's Santa Cruz 2024 will be equipped with a customized version of Worksport's SOLIS product, which could positively impact the company's reputation and sales.
Hyundai's use of Worksport's SOLIS product could increase the company's reputation and sales, potentially leading to a positive impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Rivian's R1T electric pickup is already on the road, which could boost the company's reputation and sales.
Rivian's R1T being on the road could increase the company's visibility and reputation, potentially leading to increased sales and a positive impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla's Cybertruck is expected to be released by the end of the year, which could positively impact the company's stock.
The anticipation for Tesla's Cybertruck could create positive sentiment around the company's stock. The actual release could further boost the stock if the product meets or exceeds expectations.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Worksport's SOLIS and COR products are designed to enhance the power of electric pickups, which could positively impact the company's stock.
Worksport's innovative products could increase the company's reputation and sales, potentially leading to a positive impact on the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80