Follow the Money in
Trump Trades – From Automotive to Bitcoin; @WorksportLtd
Stocks
included in this article: Worksport Ltd.
(NASDAQ: $WKSP), Tesla (NASDAQ: $TSLA), General Motors (NYSE:
$GM), Riot Platforms, Inc. (NASDAQ: $RIOT)
November
25, 2024 - Investorideas.com, a
go-to investing platform covering cleantech, automotive and crypto stocks
releases a sector snapshot looking at ‘Made in America’ stocks today and moving
forward into a new Trump era. featuring Worksport
Ltd. (NASDAQ: WKSP), a US-based
manufacturer and innovator of hybrid and clean energy solutions for the light
truck, overlanding, and global consumer goods sectors.
Trump’s
“America First” policies with corporate tax cuts and deregulation for American
manufacturers have investors looking at what sectors to bet on moving into
2025, The automotive sector is poised to be a big winner with Trump’s mandate to protect US automakers and their
employees.
Another
sector investors are paying attention to is Crypto, as Bitcoin reaches new all-time
highs. It follows that US Crypto miners will benefit. Prior to winning the
election, Donald Trump said he
wanted all remaining Bitcoin to be 'Made in USA'.
Stocks included in
this article Tesla (NASDAQ:TSLA), General Motors (NYSE: GM), Riot Platforms,
Inc. (NASDAQ: RIOT).
Clean
energy automotive supplier Worksport
Ltd. (NASDAQ: WKSP) just
announced an expansion of its manufacturing workforce to meet accelerating
sales demand. Since the start of Q4, the Company has increased its plant worker
count by 30%, positioning itself to enhance production capacity and improve margins.
Paid News dissemination for Worksport
Ltd.
Read this article,
featuring WKSP in full at https://www.investorideas.com/news/2024/cryptocurrency/11251Trump-Trades-Automotive-Bitcoin.asp
From the news: Scaling Production to Meet Growing Demand
- Increased Workforce:
The expansion of the production team is a strategic move to accommodate
the significant growth in Worksport's business-to-consumer (B2C) and
business-to-business (B2B) sales
- Sales Growth:
The Company is now targeting $1 million in monthly online sales in
the near-term, aiming for a 100% increase in top line revenue from
the approximately $500,000 per month reported less than 60 days
ago.
- Second Shift Preparation:
To support the scheduled end-of-the-year launch of the higher margin AL4 tonneau
cover, Worksport is adding a new
evening production shift. This expansion will boost production capacity,
enabling the Company to meet escalating demand and drive increased
revenues and profitability. Investors can expect an update on the
AL4 pre-order campaign for the business-to-business (B2B) segment before
the end of the year.
Management Commentary
“"The
Company continues to grow with new dealers, increased sales, and enhanced
efficiencies each day," said Steven Rossi, CEO of Worksport
Ltd. "Expanding our plant staff and initiating a second production
shift are pivotal steps toward improving margins and achieving EBITDA
positivity. Last Friday, the Company's market capitalization closed below
our revenue projections for 2025—a year in which we believe we will be cash
flow positive with increasing margins. We reiterate our strong belief that Worksport
continues to be undervalued.”
Upcoming Product Launches Driving Growth
- AL3 and AL4 Tonneau Covers:
The continued rollout of these products is expected to significantly
contribute to Worksport's path toward cash flow positivity in 2025.
- SOLIS and COR
Clean-Tech Systems: The Company also plans to
launch its highly anticipated SOLIS solar cover and COR portable energy
system by Q2/Q3 2025, further enhancing revenue growth and profitability
prospects.
Worksport Q3 Earnings Call
Q3 revenue surged to $3.12 million—a 581%
year-over-year increase compared to $458,433 in Q3 2023.
Worksport
held its Q3 2024 earnings call on Wednesday November 13, 2024. The prepared
remarks and presented earnings call deck are available at Worksport’s
Investor Relations website.
Betting
on the future growth of Worksport, on November
21st, the Company reported, “CEO
Steven Rossi has demonstrated his confidence in the Company's future by
personally purchasing restricted Worksport shares at a 44% premium to the
market price.”
"We
strongly believe that recent stock trading activity does not reflect the health
of our business or our significant growth pathways
Tesla’s
(NASDAQ:TSLA) stock
has had a massive run since Trump’s Presidential win, with Elon Musk at his
side as one of his biggest supporters. The Tesla stock surge of over 30% since
the win was also fueled on expectations that Trump will advance a legislative
framework for autonomous vehicles,
In
the third quarter, Tesla produced approximately 470,000 vehicles, delivered
approximately 463,000 vehicles and deployed 6.9 GWh of energy storage
products.
Tesla says on
its website, “In 2012, the first Model S rolled off the assembly line at our factory
in Fremont, California. Today, we have the capacity to manufacture more than a
million vehicles every year, in addition to energy products, battery cells and
more.” Tesla also has Gigafactories in Nevada, New York and Texas.
With investors
seeing EV’s being a loser under Trump, a recent article in Forbes notes,
“Here’s
something else to think about: if Trump does reduce or eliminate incentives,
Tesla will be the main winner. Its cost base and vehicle platforms allow it to
sell EVs profitably, which might not be the case with other American and global
OEMs, who will struggle to match EV and ICE vehicle pricing.”
Last month,
General Motors (NYSE: GM) reported
third-quarter
2024 revenue of $48.8 billion, net income attributable to stockholders of $3.1
billion, and EBIT-adjusted of $4.1 billion.
GM's 2024
financial guidance includes anticipated capital spending of $10.5 billion -
$11.5 billion, inclusive of investments in the company's battery cell
manufacturing joint ventures.
With expected
increases in defense spending with Trump, last month’s news of GM Defense completing production of the first vehicles
in support of the Diplomatic Security Service's Heavy-Duty armored Sport
Utility Vehicle (HD SUV) program bodes well for 2025,
From the news: DSS is the law enforcement and
security arm of the U.S. Department of State.
GM Defense's
HD SUV solution, the Suburban Shield, features a new design with a unique
body-on-frame chassis and suspension to support increased vehicle weight and
performance requirements. The vehicle includes a high percentage of proven
commercial-off-the-shelf parts from General Motors' global supply chain,
including the body, exterior, propulsion, interior, and brakes, for added
reliability.
"Our
Suburban Shield significantly enhances the quality, performance, and safety
that is essential to the Diplomatic Security Service and provides our nation's
senior diplomats and their supporting teams a vehicle that enables their
important mission for diplomacy and national security," said Steve duMont,
GM Defense president.
According to CustomMarketInsights.com, “The US Automotive Market was
valued at USD 4.8 Billion in 2024 and is expected to reach USD 13.8 Billion by
2033, at a CAGR of 10.6% during the forecast period 2024 – 2033.
“The
automotive industry includes the design, development, manufacture, marketing,
and sale of automobiles, trucks, buses, and motorbikes. It involves a
complicated network of businesses, including automakers, suppliers,
dealerships, and aftermarket service providers.”
Trump’s
policies are going to reshape the future of the automotive industry and
suppliers like Worksport Ltd. (NASDAQ: WKSP) are
betting that their US-based manufacturing and innovation will be on the winning
end.
As
Bitcoin closes in on the $100,000 USD mark, US miner Riot Platforms, Inc. (NASDAQ: RIOT) is doing
its part to fulfill Trump’s US Bitcoin mining dream.
The
Company has Bitcoin mining operations in central Texas and Kentucky, and
electrical switchgear engineering and fabrication operations in Denver,
Colorado.
In
the November 4th production update they reported, “In
October, Riot achieved a new post-halving milestone in production, with 505
Bitcoin mined in the month,” said Jason Les, CEO of Riot. “This 23% increase in
production from September is a reflection of both the ongoing growth in our
deployed hash rate and of the efforts to improve our operational efficiency.”
The
Trump Trade effect has taken the market to new highs, Now, investors are
looking at what sectors will have long term gains. Automotive and crypto are
potentially ones to watch.
Research
auto stocks at Investorideas
https://www.investorideas.com/AUTO/Stock_List.asp
Research
crypto stocks at Investorideas
https://www.investorideas.com/Bitcoin-Cryptocurrency/Stocks_List.asp
About Investorideas.com - Big
Investing Ideas
Investorideas.com is the go-to platform for big
investing ideas. From breaking stock news to top-rated investing podcasts, we
cover it all. Our original branded content includes podcasts such as Exploring
Mining, Cleantech, Crypto Corner, Cannabis News, and the AI Eye. We also create
free investor stock directories for sectors including mining, crypto, renewable
energy, gaming, biotech, tech, sports and more. Public companies within the
sectors we cover can use our news publishing and content creation services to
help tell their story to interested investors.
Disclaimer/Disclosure: Disclosure: this
news article featuring WKSP is a paid for service on Investorideas.com -. This is not investment opinion: Nothing on
our sites should be construed as an offer or solicitation to buy or sell
products or securities. All investing involves risk and possible losses. This
site is currently compensated for news publication and distribution, social
media and marketing, content creation and more. Disclosure is posted for each
compensated news release, content published /created if required but otherwise
the news was not compensated for and was published for the sole interest of our
readers and followers. Contact management and IR of each company directly
regarding specific questions. - More
disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other
news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country.
Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Follow us on Twitter @investorideas
Follow us on Facebook https://www.facebook.com/Investorideas
Follow us on YouTube https://www.youtube.com/c/Investorideas
Contact
Investorideas.com
800-665-0411
Get more Renewable Energy Stock news, articles, podcasts and Stock Directories
Get more Automotive Stocks Investor Ideas – news, articles and stock directories
Get
more Bitcoin,
Blockchain, Digital Currency stock investor ideas - news, articles, podcasts and stock
directories
Posts
No comments:
Post a Comment