Alright. I need to make this post more accruate and correct some math. We can now deduce the average cost of a Lion truck (of course this will vary a lot) is $400k. Their CN sale was for 50 trucks valued at $20m. The Amazon agreement for 2500 trucks valued at $1b. I don’t know how much their buses cost but lets say a base model is about $300k.
One major city in Canada, Toronto, is buying 900 e-buses between 2018-2027 ... let’s say they are valued at $300k, that’s a minimum spend of $270m for one city in 10 years. If you start to add up major cities in USA/Canada, you can imagine how many buses and trucks will be required to replace old ICE buses/trucks. This was my original point... that the EV craze is justified (but I overestimated the cost of an e-bus). Lion will certainly get a lot of contracts in Canada since they already have the product line on the road (over 6 million miles driven) and already has the clients.
The only issue I see for Lion is proving they can expand efficiently. 2 new factories coming soon (new vehicle and battery factories... one likely in USA and other in Canada).
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There are more than 130 companies scheduled to report earnings this week, including $Netflix
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You can head over to the Market tab to check out more details on upcoming earnings. Webull News 01/19/2021 10:32
to the moon!!zac***edu 01/24/2021 16:40
$Churchill Capital Corp IV
Where are you clowns go, since everybody has a clown comment and wants to put their hard-earned money someplace, I find real value stocks they can earn and have 50% potential,Matt 01/24/2021 14:40
One day I will proudly tell a boring story to my grandkids how I started my way to becoming a millionaireOracleNotFromOmaha 01/24/2021 06:29