Slate Auto to Reveal EV Pickup Pricing in June
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7 hours ago
0mins
Should l Buy AMZN?
Source: Benzinga
- EV Pickup Pricing Announcement: Slate Auto CEO Chris Barman announced on social media that the pricing for their electric pickup truck will be revealed in June, with expectations of a mid-$20,000 price point, which could attract a broader consumer base.
- Funding and Reservations: Slate Auto has secured over $111 million in Series A funding from investors including Jeff Bezos and other notable figures, while confirming 150,000 reservations, indicating strong market demand for their electric pickup.
- Product Features and Market Positioning: The base model of the electric pickup offers a 150-mile range and a 1,400-pound payload capacity, with a unique personalization approach allowing customers to select desired features, enhancing its competitive edge in the market.
- Industry Challenges and Opportunities: While Slate Auto shows significant growth potential in the EV market, President Trump's recent decision to rescind the fuel content factor from CAFE standards may reduce the attractiveness of EVs to manufacturers, adding uncertainty to the industry.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 204.790
Low
175.00
Averages
280.01
High
325.00
Current: 204.790
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Leadership Change: The company appointed Irina Ghose as managing director for India, aiming to strengthen local market management and operational capabilities, thereby enhancing collaboration efficiency with local firms like Infosys and driving business growth.
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- Technology Assessment: Amodei mentioned at the AI Impact Summit that Anthropic is evaluating Claude's performance across India's regional languages and local use cases, emphasizing the rapid advancement of AI technology and its potential societal impacts, despite facing friction with the U.S. Department of Defense.
See More
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- Technical Pullback: Amazon's stock has stabilized near the long-term support zone of $195 to $200 after a sharp technical reset, indicating that the recent market sentiment fatigue does not reflect a deterioration in its core fundamentals, presenting a buying opportunity for long-term investors.
- Oversold Conditions: The Relative Strength Index has fallen into oversold territory, historically associated with intermediate-term rebounds, and combined with significant deviations from key moving averages, this increases the likelihood of a technical rebound toward the $220 to $230 range.
- Profitability Metrics: Amazon's forward P/E ratio stands at approximately 25x, with expected EPS growth of 25% and net margins of 10.8%, all surpassing industry averages, highlighting its robust profitability in the AI infrastructure sector.
- Strategic Investment Opportunity: By selling the March 20, 2026 $200 put option, investors can potentially acquire Amazon shares at a net price of $192.97 if the stock closes below $200, offering a 3.64% discount and a maximum reward of $703 per contract, showcasing a risk-managed investment strategy.
See More
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- Surge in Orders: DoorDash's Q4 orders increased by 32% year-over-year to 903 million, with marketplace gross order value soaring 39% to $29.7 billion, demonstrating the company's ability to expand in a highly competitive delivery market.
- Profitability Inflection Point: The company expects its grocery and retail business to achieve positive unit economics in the second half of the year, indicating a shift towards profitability despite the complexities of grocery orders.
- Market Share Growth: DoorDash has become the top third-party marketplace by order volume in the U.S. for grocery and retail, with CEO noting that around 30% of customers are now ordering outside the restaurant category, reflecting the success of its diversification strategy.
- Increased Competitive Pressure: While DoorDash is making strides in grocery delivery, it faces competition from Instacart, whose market share has dropped from 70% to 58%, presenting DoorDash with further opportunities for expansion.
See More
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- Profitability Inflection Point: DoorDash expects its grocery and retail delivery business to achieve positive unit economics in the second half of 2023, indicating a successful transition to profitability despite the complexity of grocery orders compared to restaurant orders.
- Customer Diversification: CEO Tony Xu noted that approximately 30% of customers are now ordering outside the restaurant category, reflecting the company's progress in expanding its customer base and market penetration, with a future goal of 100% of customers ordering outside the restaurant category.
- Intensifying Competitive Pressure: While DoorDash is making strides in the grocery delivery market, it faces fierce competition from rivals like Instacart and Amazon, with Instacart's market share dropping from 70% in 2023 to 58%, suggesting that DoorDash's success could significantly accelerate its revenue growth.
See More
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- Market Share Competition: According to Euromonitor, Amazon holds a 47% share of the U.S. beauty market, and Bath & Body Works' new strategy aims to strengthen brand competitiveness, particularly against Sephora's 9% market share.
- Innovative Growth Strategy: New CEO Daniel Heaf outlines a consumer-first growth plan focused on innovative products and brand revitalization to achieve sustainable profitability, with the Amazon partnership seen as the first milestone in this strategy.
- Lower Shopping Threshold: Bath & Body Works reduces its website's free shipping threshold from $100 to $50 to enhance consumer shopping experience, while also increasing competitiveness through Amazon's Prime eligibility, despite acknowledging the challenge of competing with Amazon's delivery speed.
See More
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- Amazon Storefront Launch: Bath & Body Works has launched an authorized storefront on Amazon, with CEO Daniel Heaf stating that this initiative aims to meet customers where they shop, enhancing brand visibility and accessibility.
- Market Share Competition: Amazon is projected to account for 47% of the U.S. beauty and personal care market in 2024, and through this partnership, Bath & Body Works aims to expand its customer base and increase sales in this rapidly growing sector.
- Logistics Partnership Model: Under the new agreement, Bath & Body Works retains ownership of its inventory and pricing control while leveraging Amazon's fulfillment network for Prime eligibility, thereby enhancing the customer shopping experience.
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