Substantial Order Fuels Worksport To Uplevel The Electric Pickup Race
Portfolio Pulse from Upwallstreet
Worksport Ltd (NASDAQ:WKSP)(NASDAQ:WKSPW) has signed a significant long-term supply agreement with a US automotive aftermarket reseller, which is expected to bring in $16 million in annual sales of its hard-folding and soft-folding covers. The company is also working on introducing the SOLIS solar-powered tonneau cover, integrated with its COR remote battery system. Meanwhile, Tesla Inc (NASDAQ:TSLA) is reportedly close to a technological breakthrough in EV making, while Ford Motor (NYSE:F), General Motors (NYSE:GM) and Stellantis N.V. (NYSE:STLA) are struggling with a strike by the United Auto Workers.
September 19, 2023 | 3:58 pm
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POSITIVE IMPACT
Tesla is reportedly close to a technological breakthrough in EV making.
The reported technological breakthrough could enhance Tesla's competitive advantage in the EV market, which could lead to a rise in its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70
POSITIVE IMPACT
Worksport has signed a significant supply agreement, which is expected to boost its annual sales. The company is also introducing innovative products.
The significant supply agreement and the introduction of innovative products are likely to boost Worksport's sales and profitability, which could lead to a rise in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Ford is struggling with a strike by the United Auto Workers.
The workers' strike could disrupt Ford's operations and negatively impact its profitability, which could lead to a fall in its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
General Motors is struggling with a strike by the United Auto Workers.
The workers' strike could disrupt General Motors' operations and negatively impact its profitability, which could lead to a fall in its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70
NEGATIVE IMPACT
Stellantis is struggling with a strike by the United Auto Workers.
The workers' strike could disrupt Stellantis' operations and negatively impact its profitability, which could lead to a fall in its stock price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 70