Welcome to our dedicated page for Xos news (Ticker: $XOS), a resource for investors and traders seeking the latest updates and insights on Xos stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Xos's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Xos's position in the market.
Rhea-AI Summary
Xos, Inc. (Nasdaq: XOS) ranked #51 on the Deloitte Technology Fast 500™, with a revenue growth of 3,071% from 2019 to 2022. The company's CEO, Dakota Semler, expressed pride in their achievements, highlighting positive gross margins on their newest 2023 SV stepvan model. The 2023 Technology Fast 500 companies achieved revenue growth ranging from 201% to 222,189% over the three-year time frame, with an average growth rate of 1,934% and a median growth rate of 497%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
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Rhea-AI Summary
Xos, Inc. and ElectraMeccanica announce a joint conference call for shareholders on January 24, 2024, at 9:15am ET. The webcast will feature ElectraMeccanica CEO Susan E. Docherty and Xos CEO Dakota Semler providing information for investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.88%
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Rhea-AI Summary
Xos, Inc. (NASDAQ: XOS) and ElectraMeccanica (NASDAQ: SOLO) have entered into a definitive arrangement agreement for Xos to acquire all of the issued and outstanding common shares of ElectraMeccanica in an all-stock transaction. The proposed transaction is expected to strengthen Xos' balance sheet and provide growth capital to further expand Xos' gross margin positive vehicle business. Xos delivered a record 110 units to fleet customers in the fourth quarter of 2023, including FedEx Ground, UPS, and Loomis, achieving 90% year-over-year growth. The prospective combined company is expected to benefit from favorable regulatory tailwinds, including California’s mandate requiring Xos customers to buy thousands of new electric vehicles by 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.25%
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Rhea-AI Summary
Xos, Inc. (Nasdaq: XOS) announces a 1-for-30 reverse stock split of its issued and outstanding shares of common stock, effective December 6, 2023. The split is to increase the per share trading price and maintain listing on Nasdaq.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Xos, Inc. (NASDAQ:XOS) reported a record-breaking quarter with 105 units delivered, a 176% increase from the previous quarter, achieving an average positive GAAP gross margin of over $18,000 per unit. Revenues reached $16.7 million, representing a significant increase from the previous quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
30.86%
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Rhea-AI Summary
Xos, Inc. has announced that Penske Truck Leasing will add Xos 100% battery-electric trucks to its fleet. The trucks will be deployed with multiple customers in various industries. The Xos Stepvan, a 100% battery-electric Class 6 vehicle, can travel up to 150 miles on a single charge and has a GVWR of up to 23,000 pounds. The vehicle charge time with DC fast charging ranges from 110 to 120 minutes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
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Rhea-AI Summary
Xos, Inc. (NASDAQ: XOS) will release its Q3 2023 operating results on November 9, 2023. The company is a leading electric truck manufacturer and fleet services provider. A conference call to discuss the financial results will be held on the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.33%
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Rhea-AI Summary
Xos delivers 105 units in Q3 and achieves positive gross margin
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Rhea-AI Sentiment
End-of-Day
8.75%
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Rhea-AI Summary
Xos, Inc. announces eligibility for government incentives for their 2023 Xos SV, providing up to $40,000 tax credit for deliveries of all Xos Stepvans until 2032. Customers can also save up to $85,000 through the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project (HVIP).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.64%
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Rhea-AI Summary
Xos, Inc.'s stepvans are now eligible for the Incentives for Medium- and Heavy-Duty Zero-Emission Vehicles Program (iMHZEV) from the Government of Canada, providing a significant milestone in advancing the adoption of electric vehicles in Canada. Canadian businesses purchasing a model year 2022 or 2023 Xos SV class 6 battery-electric stepvan are eligible for an impressive incentive of up to $100,000 CAD, promoting sustainability and environmental responsibility in the commercial vehicle sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.13%
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Xos, Inc.
Nasdaq:XOS
XOS Rankings
XOS Stock Data
58.80M
4.10M
48.26%
1.33%
2.06%
Other Motor Vehicle Parts Manufacturing
Manufacturing
United States of America
LOS ANGELES
About XOS
we are a technology company based in los angeles. we're focused on building solutions in the transportation sector.