Made in America Stocks - Automotive and Crypto Poised to Benefit from Trump Policy
Worksport (NASDAQ: WKSP) is positioning itself to benefit from Trump's 'Made in America' policies in the automotive sector. The company has expanded its manufacturing workforce by 30% in Q4 to meet growing demand. Q3 revenue increased 581% year-over-year to $3.12 million. The company is targeting $1 million in monthly online sales, doubling current revenue of $500,000 per month. Worksport plans to launch its SOLIS solar cover and COR portable energy system by Q2/Q3 2025, with expectations of achieving cash flow positivity in 2025. The CEO recently purchased restricted shares at a 44% premium to market price, demonstrating confidence in the company's future.
Worksport (NASDAQ: WKSP) si sta posizionando per trarre vantaggio dalle politiche 'Made in America' di Trump nel settore automobilistico. L'azienda ha ampliato la sua forza lavoro nella produzione del 30% nel quarto trimestre per soddisfare la crescente domanda. I ricavi del terzo trimestre sono aumentati del 581% rispetto all'anno precedente, raggiungendo i 3,12 milioni di dollari. L'azienda punta a raggiungere 1 milione di dollari di vendite online mensili, raddoppiando i ricavi attuali di 500.000 dollari al mese. Worksport prevede di lanciare la sua copertura solare SOLIS e il sistema energetico portatile COR entro il secondo / terzo trimestre del 2025, con l'aspettativa di raggiungere la positività nel flusso di cassa nel 2025. Il CEO ha recentemente acquistato azioni riservate con un premio del 44% rispetto al prezzo di mercato, dimostrando fiducia nel futuro dell'azienda.
Worksport (NASDAQ: WKSP) se está posicionando para beneficiarse de las políticas 'Made in America' de Trump en el sector automotriz. La empresa ha ampliado su fuerza laboral en un 30% en el cuarto trimestre para satisfacer la creciente demanda. Los ingresos del tercer trimestre aumentaron un 581% en comparación con el año anterior, alcanzando los 3,12 millones de dólares. La compañía tiene como objetivo alcanzar 1 millón de dólares en ventas en línea mensuales, duplicando los ingresos actuales de 500,000 dólares al mes. Worksport planea lanzar su cubierta solar SOLIS y el sistema de energía portátil COR para el segundo / tercer trimestre de 2025, con expectativas de lograr una positividad en el flujo de caja en 2025. El CEO compró recientemente acciones restringidas a un premium del 44% sobre el precio de mercado, demostrando confianza en el futuro de la empresa.
Worksport (NASDAQ: WKSP)는 자동차 산업에서 트럼프의 'Made in America' 정책의 혜택을 누리기 위해 입지를 다지고 있습니다. 이 회사는 증가하는 수요에 대응하기 위해 4분기 제조 인력을 30% 늘렸습니다. 3분기 수익은 전년 대비 581% 증가하여 312만 달러에 달했습니다. 회사는 현재 월 50만 달러의 수익을 두 배로 늘려 월 100만 달러의 온라인 판매를 목표로 하고 있습니다. Worksport는 2025년 2분기 또는 3분기까지 SOLIS 태양열 커버 및 COR 휴대용 에너지 시스템을 출시할 계획이며, 2025년에는 현금 흐름이 긍정적으로 전환될 것으로 기대하고 있습니다. CEO는 최근 시장 가격보다 44% 프리미엄이 붙은 제한된 주식을 구매하여 회사의 미래에 대한 신뢰를 나타냈습니다.
Worksport (NASDAQ: WKSP) se positionne pour bénéficier des politiques 'Made in America' de Trump dans le secteur automobile. L'entreprise a augmenté sa main-d'œuvre de production de 30% au quatrième trimestre pour répondre à la demande croissante. Les revenus du troisième trimestre ont augmenté de 581% par rapport à l'année précédente, atteignant 3,12 millions de dollars. L'entreprise vise 1 million de dollars de ventes en ligne mensuelles, doublant les revenus actuels de 500 000 dollars par mois. Worksport prévoit de lancer sa couverture solaire SOLIS et son système d'énergie portable COR d'ici le deuxième / troisième trimestre de 2025, avec des attentes d'atteindre une positivité en flux de trésorerie en 2025. Le PDG a récemment acheté des actions restreintes avec une prime de 44% par rapport au prix du marché, démontrant sa confiance dans l'avenir de l'entreprise.
Worksport (NASDAQ: WKSP) positioniert sich, um von Trumps 'Made in America'-Politiken im Automobilsektor zu profitieren. Das Unternehmen hat seine Produktionsarbeitskräfte im vierten Quartal um 30% erhöht, um der wachsenden Nachfrage gerecht zu werden. Der Umsatz im dritten Quartal stieg im Jahresvergleich um 581% auf 3,12 Millionen Dollar. Das Unternehmen visiert monatliche Online-Verkäufe von 1 Million Dollar an, was den aktuellen Umsatz von 500.000 Dollar pro Monat verdoppeln würde. Worksport plant, bis zum 2. oder 3. Quartal 2025 die SOLIS-Solarabdeckung und das portable Energiesystem COR auf den Markt zu bringen, mit der Erwartung, im Jahr 2025 positiv in den Cashflow zu sein. Der CEO hat kürzlich beschränkte Aktien mit einem Aufschlag von 44% auf den Marktpreis gekauft und zeigt damit Vertrauen in die Zukunft des Unternehmens.
- Q3 revenue increased 581% YoY to $3.12 million
- 30% workforce expansion to meet growing demand
- Targeting $1 million in monthly online sales, up from $500,000
- CEO purchased shares at 44% premium to market price
- Adding second production shift to boost capacity
- Company currently not EBITDA positive
- Market capitalization below 2025 revenue projections
- Product launches delayed until Q2/Q3 2025
Insights
Worksport's Q3 revenue growth of
The US automotive market's projected growth to
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - 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.
Read the full article on Investorideas.com
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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'.
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
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 a100% 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
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
"We strongly believe that recent stock trading activity does not reflect the health of our business or our significant growth pathways
Tesla's 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
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 reported third-quarter 2024 revenue of
GM's 2024 financial guidance includes anticipated capital spending of
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
"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
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
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.
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