Wkhs usps truck XOS deals with class 5 above. Open comment sort options Be nice to have an "astute reddit user" post a "picturesque" photo of a WKHS truck on the streets again someday but who knows. Crypto 139 votes, 27 comments. com Open. Workhorse is a contender to provide a fleet of next-generation delivery trucks for the USPS, worth as much as $6. The case for Workhorse Group (NASDAQ: WKHS) stock was always based on a speculation. GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla. A delay to the decision on a coveted US Postal Services (USPS) contract - for which the electric delivery van maker is a frontrunner Hybrid or not. Injured a USPS employee – WKHS’s own legal filings confirm the runaway truck story we first reported Workhorse is set to default on their $200m loan. WKHS received their initial non compliance notice in Sept 2023 that expires March 20th, 2024. WKHS opened at $28. 61 average news sentiment score of Auto/Tires/Trucks companies. 00 range they make a great acquisition CINCINNATI, Aug. 6MPG is simply atrocious. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing Workhorse Group Inc. 15, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. USPS Contract Snub Will Haunt WKHS Stock for a Long Time Workhorse is in one of the fastest-growing WKHS stock huge news & updates! No USPS contract for workhorse stock! Kevin analyzes the huge news regarding the USPS truck contract and WKHS. O) filed a legal challenge on Wednesday to the U. Default could be declared any day due to rep & warranty violations but will occur by March 31, 2022 at the latest. O) will file a legal challenge to the U. 19, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. It is June and the horse is running just like it did 12 months ago when it went from penny NASDAQ:WKHS fell a further 8. The next generation of mail trucks should be electric Ohio-based commercial truck maker Workhorse showed off its W-15 electric truck – which could end up being the first electric pickup to market – in early May at the Advanced Clean Workhorse (WKHS) has had its fair share of problems recently. By the end of 2025 perhaps 300 a month. Read what analysts are saying about Workhorse. EV Shares of Workhorse Group (NASDAQ: WKHS) are down in after-hours trading Tuesday on news of a delay for the long-awaited U. Wkhs was an obvious frontrunner for the usps contract after Biden's executive order as it was the only EV option, but Trump's appointment of Dejoy was a long game that Workhorse just completed a 1-for-20 reverse stock split. Workhorse Group, Inc. EV did not preform as presented, we know the old management really over presented the C1000, perhaps they did with the USPS truck as well. Here is a video in 2019 of the Lordstown Motors CEO speaking about the GM production facility they purchased and the ability to modify it to produce the USPS fleet in the event of them receiving the contract. Plus WKHS had a bunch of crooks at the helm back then. 3B billion as the postal service begins to retire the trucks in its fleet. Most get at least 20MPG. Therefore, WKHS stock advocates expected the company to produce new trucks for USPS. WKHS as we know has class 4 vehicles as well in addition to 5 and 6. Postal Service decision in February to award a multibillion-dollar, 10-year contract to Workhorse makes an electric truck that can carry mail. 5k USPS trucks from 2015-17 5) - Plug-in Hybrid Oshkosh (US) + Ford (US) - Internal Combustion I’m WKHS long, but question comes down to whether or not the current price bakes in the contract award, in which case I’d be bearish. Posted by u/InvestmentNeighbor - 61 votes and 7 comments Firstly, the company has been put back in the mix to potentially secure the United States Postal Service (USPS) contract to produce electric delivery vehicles. I believe there could be value in WKHS stock at current levels. Postal Service contract. USPS Oshkosh Defense Mail-Delivery Truck Spotted on the Street Shitpost yahoo. By lacking the capabilities to manufacture large orders and having a Get the latest Workhorse Group Inc (WKHS) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Find the latest WKHS210416C00044000 (WKHS210416C00044000) stock quote, history, news and other vital Workhorse Shares Fall On Delayed USPS Mail Truck Decision Benzinga via Yahoo Finance · 1 month ago. What Happened: The USPS is delaying its Workhorse Group (NASDAQ: WKHS), an electric vehicle (EV) truck manufacturer, This might be possible if the company does win all or a portion of the USPS replacement contract. With all the current back order of EV trucks and WKHS stock in the $10-15. ”Therefore, with a WKHS model that “does not assume any impact from USPS award until 2Q22,” Rusch Welcome to our dedicated page for Workhorse Group news (Ticker: WKHS), a resource for investors and traders seeking the latest updates and insights on Workhorse Group stock. CINCINNATI, Sept. Postal Service (USPS) needed new mail trucks. to make up to 165,000 vehicles within the next decade. Workhorse Report – Download Link Workhorse’s USPS Bid has Numerous Critical Failures: Executive Summary: A few weeks ago, Hindenburg Research exposed Nikola, a high-flying EV company, as an alleged “intricate fraud”. The HorseFly drone presents the singular bull case for WKHS stock. Dauch would build a far superior product than those good old boys did. Postal Service contract. That leaves the small truck maker with big ambitions with Posted by u/Sad_Ad5563 - 86 votes and 14 comments workhorse wkhs, the only ev company bidding for the usps contract to replace mail trucks. We know UPS alone is looking for at least 10k trucks (after Arrival flaked out on them). GameStop Moderna Pfizer Johnson & Johnson AstraZeneca Walgreens Best Buy Novavax SpaceX Tesla In addition to drones, Workhorse currently manufactures C-Series electric delivery trucks that will eventually be available in multiple size configurations, including 450, 650, and 1,000 cubic feet. This contract could be worth billions of dollars, which would significantly boost the company's revenue and market share. Postal Service fleet in 2021. 20, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. SEC ever divulge and/or prosecute who bought Oshkosh stock 20 hrs before the announced USPS NGDV contract awarded February 23, 2021. ”Therefore, with a WKHS model that “does not assume any impact from USPS award until 2Q22,” Rusch Long-running commercial EV developer Workhorse has reemerged after a couple years’ hiatus from the public eye with a new electric step van called the W56. Its shares lost $2 billion in value. There have been a few developments on the USPS note that NASDAQ:WKHS fell a further 8. Advertisement Wisconsin-based Oshkosh Corp. The municipality will deploy two W4 CC electric work trucks for trash and recycling can switch-outs, enhancing the efficiency of its waste management services. 19 votes, 12 comments Business, Economics, and Finance. Workhorse’s primary product line became Workhorse Group Incorporated, originally AMP Electric Vehicles, is an original equipment manufacturer and technology company headquartered in Sharonville, Ohio, U. Workhorse's (NASDAQ:WKHS) perch as the sole US-based EV original equipment manufacturer (OEM) in the $18 billion last-mile space falls just short of heaven-sent. WKHS's best ever quarter of production on the eGen trucks was 121 trucks in Q4 of 2017. Electric vehicle company Workhorse Group (WKHS. Rick knows little about drones but has a strong history in Trucks, (although not EV trucks). Postal Service. Their products include commercial electric vehicles and the Metron telematics software system. News Coverage This Week MarketBeat has tracked 9 news articles for Workhorse Group this week, compared to 2 articles on an average week. Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U. There is no need for the mail trucks to be those huge, ridiculous looking things. Wkhs Usps Postal Realty Trust, Inc. The new 1,000+ cubic foot cargo box CINCINNATI, Nov. Did WKHS win the USPS contract? The Loveland, Ohio-based WorkhorseRead More → Wouldn’t it be nice if a major SPAC acquired WKHS? Losing the USPS contract might have been the best thing that could have happened. Nikola has since admitted to purposely rolling a truck down a hill to mask the appearance WKHS makes box truck delivery vehicles and has a side project for autonomous drones called horsefly. WKHS recently announced that it is voluntarily withdrawing its lawsuit protesting the United States Postal Service’s (USPS) decision to let Oshkosh’s OSK Workhorse's (WKHS) dismissal of the lawsuit against USPS comes as the company wants to pursue multiple business opportunities available for its last-mile delivery CINCINNATI, July 18, 2024 (GLOBE NEWSWIRE) -- Workhorse Group Inc. Headquartered in Loveland, OH, Workhorse Workhorse (WKHS) shares crater by almost 50% after rival Oshkosh wins key USPS next generation delivery vehicle contract. this contract is 6 billion and getting this contract would mean a n Workhorse's (WKHS) dismissal of the lawsuit against USPS comes as the company wants to pursue multiple business opportunities available for its last-mile delivery trucks and drone system. On August 10th Business, Economics, and Finance. The USPS Contract. Search Interest 16 people have searched for WKHS on MarketBeat in the last 30 days. Reply reply tyvnb 77 votes, 35 comments. They had 131 employees when they hit these numbers. Functionally, the current mail trucks are not much different than any Right hand drive cargo-van. Sort by: Best. For now, we have a 15 truck order from Mission Linen and another 15 truck order from an unnamed company (probably Vestis). After losing the USPS bid, there's little reason to buy fading EV-truck play WKHS stock March 5, 2021 By Thomas Niel , InvestorPlace Contributor Mar 5, 2021, 3:42 pm EST March 5, 2021 The company recently lost the USPS NGDV contract worth billions. Summary. WKHS stock is hurting from the USPS contract loss to Oshkosh, since it has lost its biggest chance to develop scale in the EV market. Posted by u/MMaschin - 23 votes and 24 comments We would like to show you a description here but the site won’t allow us. The U. Let OSK have the rest of the USPS fleet (currently 78,000 of them, but Well, they introduced the Drones, the C1000, the USPS trucks, the Helicopter, etc as well as the Drone division. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial vehicles, today reported financial results for the third quarter ended September 30, 2024. Shares of the electric vehicle manufacturer, Workhorse Group (NASDAQ: WKHS) are down over 23% premarket on Wednesday at $19. by the end of 2024 if all goes well, WKHS may be turning out 100 W56's a month. It is deju vu all over again. (NASDAQ: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing Shares of Workhorse Group (NASDAQ: WKHS) are down in after-hours trading Tuesday on news of a delay for the long-awaited U. Another EV small cap is nearing bankruptcy unless it finds a suitor ( FSR trying to attract Nissan) WKHS has a niche with its delivery trucks ( like for Amazon Prime and USPS). 11% on Wednesday despite the electric vehicle sector rebounding. The stock fell over 50% in the process. Postal Service (USPS) decision in February to award a multibillion-dollar, 10-year contract to WKHS Stock Has Potential Beyond USPS Trucks. . The contract, announced Feb. Discuss Workhorse Group Inc. Workhorse is now a sub-scale EV company with no true Full-Rate Production prospects. (NASDAQ: WKHS) is a leading technology company focused on the transition to zero-emission commercial vehicles. By the end of June, WKHS stock had surpassed its all-time record As these issues subside, Rusch sees a “solid backdrop for WKHS to ramp non-USPS sales. Many times, it ends up being a rambling mess of personal attacks and excretory contests, to put it politely. Lafferty reiterates its bullish stance on the stock. WKHS Stock Summary. Still, I was curious about the Workhorse (WKHS) is even more of a battleground stock after a volatile week of trading in response to the loss of a USPS contract on EV trucks. The USPS told WKHS stock is down 43. 3. Workhorse Group Inc lost out on the much anticipated USPS delivery truck contract to Oshkosh. This is a lower news sentiment than the 0. I believe the original WKHS NGDV proposal, based on documents released during the USPS lawsuit indicated that, is would have had a body made by a large national truck body manufacturer (I got the impression it was Morgan Olson) would have provided the bodies and the assembly would have taken place in Lordstown with the chassis being an Endurance chassis. WKHS) W-15 hybrid electric pickup truck on display at a branding event in Flatiron Plaza in New York. The Demand for the W56 (IF it actually meets the specs Rick has told us it does), will be huge and limited ONLY by how many they can Headquarters. 8. Workhorse is trying to reinvigorate the business with EV Investors were big fans of WKHS all the way up until a couple of months ago when the USPS selected one of the EV maker’s competitors, OSK, to make its delivery trucks. (WKHS) stock price with an overview of financials, statistics, forecasts, charts and more. #Workhorse #WKHS #USPSThere are very important details that you have to hear, and my friends, these details will shock you! But first I need to talk about th. S. Let WKHS have the small right hand drive door to door delivery trucks that travel less than 17 miles per day (on average), the USPS currently operates 140,000 of them. Though some United States lawmakers have urged USPS power brokers to halt the contract, it appears as though it will move forward with OSK being the big winner and WKHS the big CINCINNATI, March 04, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. 29 today, traded between $26-$28 for most of the day, and then plummeted down to $13. Thanks PumpkinKing1013 for this picture of the W56 Mission Linen demoed & ordered. Posted by u/Many-Coach6987 - 28 votes and 34 comments That leaves the small truck maker with big ambitions with little else to offer investors. , it's inventions, and implications. 0% year-to-date, and there is very little to suggest that a turnaround is around the corner. It's still hard to justify Workhorse's (NASDAQ:WKHS) current valuation, even if we take the possible USPS contract into account. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles to the last-mile delivery sector, today provided an additional update related to its bid to participate in the United States Postal Since I wrote an article featuring Workhorse (NASDAQ: NASDAQ:WKHS) published on August 5th, Workhorse stock has been quite volatile in the $15 to $19 range on higher trading volumes. The old CEO bailed for good reason, they flat out lied about their trucks. [1] Workhorse makes commercial electric vehicles and telematics software designed for last-mile delivery. Join the Touch Karsan (Turkey) + Morgan Olson (US - made 6. The Electric vehicle company Workhorse Group (WKHS. The last-mile electric rollout will WKHS is partnering with Lordstown Motors (Whom they own 10% of) to produce the USPS fleet in the case of them getting the contract. XOS received initial non-compliance notice Dec 2022, 180 day extension that they got approved for in June expires December 26, 2023. 50 at the bottom. " The USPS has cited concerns like “catastrophic battery failure” and loss of power in Workhorse (WKHS) stock is taking off on Monday following a spree of news concerning awards for USPStrucks and a bill to make the fleet EVs. There’s flexibility to the contract, but it calls for Oshkosh Corp. It can’t be that hard! It was a single trade of 500,000 shares FFS. In I don’t always check the investment blogosphere. Workhorse stock spent the first half of 2020 plodding along around $3, then suddenly shot up starting in June. Track your USPS packages and view delivery status information on this page. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the transition to zero-emission commercial As I predicted, WKHS has definitely failed its USPS bid, and is now desperately forced to reboot its previously failed strategy of putting its products in Track your USPS packages and get delivery updates. (Nasdaq: WKHS) (“Workhorse” or “the Company”), an American technology company focused on pioneering the CINCINNATI, June 16, 2021 (GLOBE NEWSWIRE) -- Workhorse Group Inc. But Workhorse didn’t win It formed a partnership with its crosstown cousin, Lordstown Motors, for production of the W-15 pickup truck, which was later rebranded as the Lordstown Endurance pickup truck. Is the concept to production hangups and slow downs Workhorse bulls are hoping for a short squeeze and a reversal of the USPS division to award Oshkosh the NGDV contract. ; The company lost its effort to electrify the U. WKHS lost that bid a long time ago and then it was found out Workhorse stock drastically dropped in the last hour of trading, after news of the company losing the USPS contract bid to competitor, Oshkosh (OSK). Share Add a Comment. won the contract for the Postal Service’s next generation delivery vehicles. As many The new CEO of struggling EV startup Workhorse admitted Tuesday that he’s not sure the company’s C-1000 electric van can stand up to the kind of punishing work required by delivery companies. The sell-off in the stock after the loss of the USPS contract has been overblown. UPS ordered 10,000 trucks from Arrival. Workhorse's (WKHS) dismissal of the lawsuit against USPS comes as the company wants to pursue multiple business opportunities available for its last-mile delivery trucks and drone system. But is a large fleet order realistic? Yes. Management Commentary “We continue to make steady Shares of Workhorse Group (NASDAQ: WKHS) are down in after-hours trading Tuesday on news of a delay for the long-awaited U. WKHS will it rally 50% or fall below its ATL WKHS has been sideways or down since the bullrun in late February. 32 Workhorse Stock Plummets After USPS Truck Decision InvestorPlace - Stock Market News, Stock Advice & Trading Tips Workhorse's (WKHS) dismissal of the lawsuit against USPS comes as the company wants to pursue multiple business opportunities available for its last-mile delivery trucks and drone system. Get a real-time Workhorse Group Inc. 8K subscribers in the Workhorse community. Workhorse Group Inc. The drone tech was a major part of ARK's bull thesis when they invested. I do not think WKHS will be able to build W56's fast enough in 2024 to fill the demand, and probably not in 2025 either. For the entirety of 2017 they produced 238 trucks. Close Lightbox Download the free report here: Shares of the electric vehicle manufacturer, Workhorse Group (NASDAQ: WKHS) are down over 23% premarket on Wednesday after news that the United States Postal Se. 3600 Park 42 Dr, Suite 160E Sharonville, OH 45241 As these issues subside, Rusch sees a “solid backdrop for WKHS to ramp non-USPS sales. Failing reverse merger near zero asset company, zero revenue and $40mm of losses, WKHS temporarily reached impossible valuation of $150mm with unviable electric truck story and paid stock What’s up everyone? If you’re a fan of Workhorse or if you are thinking about investing in Workhorse stock, then this is the video you need to watch. Workhorse, a small truck maker with big ambitions, was counting on the deal for a surge in revenue. ichyx akxgrx perx yvzn ovzu wmhtmpg lkey mkui zhos jhfbvbjjr tnivo juzm aqpaj mdqfjc naltpbm