As stated in the preamble, the entire EV sphere has been on a tear lately, racking up significant gains in the process. It would seem unlikely that the USPS will allocate 100% of the contract to Workhorse. So in any scenario, Workhorse loses, and the $1.8B bubble eventually will deflate. As a refresher, the USPS is Another major factor is the upcoming listing of Lordstown Motors. The US Postal Service is getting ready for a … (USPS) Bequemer Schnitt und vorgewaschenes robustes Canvas. Workhorse will get a cut of any sales of that truck and 1 percent of any equity raise that the startup, called Lordstown Motors, is able to secure. Workhorse is already selling their vehicles to major companies including UPS, DHL, and FedEx and they're looking to secure a contract with USPS. Many Workhorse bulls are counting on the potential US Postal Service contract to be the panacea that cures all ills.

Then there is the $6.3 billion United States Postal Service contract that is up for grabs in 2020. Ohio is a swing state, and Trump wants to get re-elected. A number of factors are responsible for the current lofty valuation of Workhorse shares. One of the five finalists is a truck from a partnership between commercial truck specialist VT Hackney and Workhorse. As a refresher, Lordstown Motors This comes on the heel of a string of positive announcements lately. The bulls see this as a further impetus for Workhorse to be awarded the USPS contract. The competitive bidding process for the USPS contract would lead to substantial losses for Workhorse to win the contract. Rawlings WHWB2 Royal Bag Wheeled Deluxe Workhorse Gear 083321118982. First, investors appear to be banking on the probability that Workhorse will become a part of a $6 billion U.S. Commenting on the implications of this designation, Workhorse CEO, Duane Hughes, Similarly, on the 23rd of July, Workhorse announced that it landed an initial purchase order of 20 all-electric C-1000 delivery vehicles from trucking company eTrucks, thereby, allowing the company to expand its order book and sales reach.Some posts on Wccftech.com may contain affiliate links. Postal Service (USPS) contract. All the secrets of why Trump might give the contract to Workhorse to win votes. Currently priced at $17.43, WKHS sports a rich market cap of $1.8B with no real revenues, solely based on aggressive future expectations. Will Workhorse stock double or triple?

100% Upvoted. Workhorse said will pay VT Hackney $7 million for certain intellectual property and engineering assets and that the companies are no longer working together.

3 billion contract with USPS, said Workhorse CEO Duane Hughes. Bears doubt that Workhorse can ever become a profitable vehicle producer to the extent that it would justify today's valuation. As a consequence, consumers speculate that old mail trucks may become widely available for sale. The risks seem too high. The contract calls for 180,000 trucks to be delivered over five to seven years at a price between $25,000 and $35,000 each, which means it could be worth as much as $6.3 billion to the winner. © 2020 NewAge ADS, LLC. For instance, on the 28th of July, Workhorse announced that its C-Series all-electric delivery trucks have been deemed eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project program by the California Air Resources Board (CARB). First, investors appear to be banking on the probability that Workhorse will become a part of a $6 billion U.S. We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com

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