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<blockquote data-quote="Weather Man" data-source="post: 16618443" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3693858-tusimple-called-autonomous-trucking-revolution-leader-by-bofa" target="_blank">TuSimple called autonomous trucking revolution leader by BofA</a></p><ul> <li data-xf-list-type="ul">TuSimple (<a href="https://seekingalpha.com/symbol/TSP" target="_blank">TSP</a> +1.0%) opens higher after landing a rush of bull ratings with the quiet period on the electric truck stock now ended.</li> <li data-xf-list-type="ul">One of the more glowing assessments on TuSimple is from Bank of America, which says the company is leading the autonomous revolution in trucking.</li> <li data-xf-list-type="ul">BofA starts off coverage on TuSimple with a Buy rating and price objective of $51.</li> <li data-xf-list-type="ul">Analyst Ken Hoexter: "As the company has no public peer, we use a technology-like growth model outlook, with rapid adoption expected as commercial production is launched with Navistar in 2024, and a full ramp is achieved in 2027. Unlike other high-growth technology companies, as TuSimple has minimal revenue today (with 70 test trucks globally), we use a biotech like '% of success discount' on our DCF analysis (similar to a biotech 'probability of approval' discount). We apply a 75% likelihood of success to our DCF value to arrive at our PO, while current market pricing represents a 50% probability of success."</li> <li data-xf-list-type="ul">See the other Buy-equivalent ratings that <a href="https://seekingalpha.com/news/3693726-tusimple-stock-gains-after-attracting-wave-of-bull-ratings" target="_blank">rained down today on TuSimple.</a></li> </ul><p></p><p></p><p><a href="https://seekingalpha.com/news/3693839-workhorse-falls-after-setting-2021-production-target-below-expectations" target="_blank">Workhorse falls after setting 2021 production target below expectations</a></p><ul> <li data-xf-list-type="ul">Workhorse Group (NASDAQ:<a href="https://seekingalpha.com/symbol/WKHS" target="_blank">WKHS</a>) says it <a href="https://seekingalpha.com/pr/18309485-workhorse-group-reports-first-quarter-2021-results" target="_blank">produced</a> a total of 38 C-Series vehicles so far this year to more than double the number produced in comparison to the combined previous three quarters.</li> <li data-xf-list-type="ul">Workhorse execs note a "step function" improvement in production last month even with the YTD truck production below its original target.</li> <li data-xf-list-type="ul">"Bottlenecks within the global supply chain and offshore shipping delays of commodity raw materials and components as well as our initial stages of production limited our capacity to produce during the first quarter. However, our vehicle production numbers in April in comparison to the last few quarters are encouraging as are the proactive steps we are taking to build our volumes and ensure consistent production," updates CEO Duane Hughes.</li> <li data-xf-list-type="ul">Workhorse now sees 2021 production of 1K units, but says the deliberate approach to growth will help it deliver increased volume in 2022 and beyond.</li> <li data-xf-list-type="ul">Shares of WKHS are down 3.63% premarket to $9.29.</li> <li data-xf-list-type="ul">ARK Invest snapped up <a href="https://seekingalpha.com/news/3683829-workhorse-group-snapped-up-again-by-ark-invest" target="_blank">more shares of Workhorse Group last month.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16618443, member: 137766"] [URL='https://seekingalpha.com/news/3693858-tusimple-called-autonomous-trucking-revolution-leader-by-bofa']TuSimple called autonomous trucking revolution leader by BofA[/URL] [LIST] [*]TuSimple ([URL='https://seekingalpha.com/symbol/TSP']TSP[/URL] +1.0%) opens higher after landing a rush of bull ratings with the quiet period on the electric truck stock now ended. [*]One of the more glowing assessments on TuSimple is from Bank of America, which says the company is leading the autonomous revolution in trucking. [*]BofA starts off coverage on TuSimple with a Buy rating and price objective of $51. [*]Analyst Ken Hoexter: "As the company has no public peer, we use a technology-like growth model outlook, with rapid adoption expected as commercial production is launched with Navistar in 2024, and a full ramp is achieved in 2027. Unlike other high-growth technology companies, as TuSimple has minimal revenue today (with 70 test trucks globally), we use a biotech like '% of success discount' on our DCF analysis (similar to a biotech 'probability of approval' discount). We apply a 75% likelihood of success to our DCF value to arrive at our PO, while current market pricing represents a 50% probability of success." [*]See the other Buy-equivalent ratings that [URL='https://seekingalpha.com/news/3693726-tusimple-stock-gains-after-attracting-wave-of-bull-ratings']rained down today on TuSimple.[/URL] [/LIST] [URL='https://seekingalpha.com/news/3693839-workhorse-falls-after-setting-2021-production-target-below-expectations']Workhorse falls after setting 2021 production target below expectations[/URL] [LIST] [*]Workhorse Group (NASDAQ:[URL='https://seekingalpha.com/symbol/WKHS']WKHS[/URL]) says it [URL='https://seekingalpha.com/pr/18309485-workhorse-group-reports-first-quarter-2021-results']produced[/URL] a total of 38 C-Series vehicles so far this year to more than double the number produced in comparison to the combined previous three quarters. [*]Workhorse execs note a "step function" improvement in production last month even with the YTD truck production below its original target. [*]"Bottlenecks within the global supply chain and offshore shipping delays of commodity raw materials and components as well as our initial stages of production limited our capacity to produce during the first quarter. However, our vehicle production numbers in April in comparison to the last few quarters are encouraging as are the proactive steps we are taking to build our volumes and ensure consistent production," updates CEO Duane Hughes. [*]Workhorse now sees 2021 production of 1K units, but says the deliberate approach to growth will help it deliver increased volume in 2022 and beyond. [*]Shares of WKHS are down 3.63% premarket to $9.29. [*]ARK Invest snapped up [URL='https://seekingalpha.com/news/3683829-workhorse-group-snapped-up-again-by-ark-invest']more shares of Workhorse Group last month.[/URL] [/LIST] [/QUOTE]
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