Rather, the point is that this is essentially a small scale, pilot-project.

Investors could be taken aback by such a small number. Customers have expressed interest in Workhorse vehicles, but nothing has been proven yet. The U.S.
Sales ultimately drive everything in business. Rather, the point is that this is essentially a small scale, pilot-project. Thus, Workhorse is moving forward and hedging its bets on its ability to succeed with the van and drone solution.Let’s look at the barriers it’s facing, and what signals investors might watch out for to catalyze a purchase. Having worked in several industries from e-commerce to translation to education and utilizing his MBA from George Washington University, he brings a diverse set of skills through which he filters his writing. While the Cincinnati based company attempts to carve out a corner of the EV market, it faces high hurdles. Workhorse is one of four remaining potential suppliers to replace the fleet vehicles. Stock quotes data provided for free by

July 30, 2020. Investors are purchasing WKHS’ potential and betting on its ability to be a first-mover in EV delivery.Nevertheless, those investors do need to know what sales really look like. The U.S. Workhorse’s Q1 results were not exactly stellar either absolutely or relatively. Copyright ©

1125 N. Charles St, Baltimore, MD 21201. Workhorse in March. That said, there are signs that Workhorse’s chances are less than stellar.

So, while Workhorse remains among the four finalists who submitted a proposal, questions remain regarding their actual vehicle.
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Workhorse’s market capitalization of $1.1 billion on Q1 sales of $84,000 has to have even the most bullish fans worried. So in any scenario, Workhorse loses, … Bears doubt that Workhorse can ever become a profitable vehicle producer to the extent that it would justify today's valuation.

So, while Workhorse remains among the four finalists who submitted a proposal, questions remain regarding their actual vehicle. Workhorse won an initial contract from USPS in September 2016 to build and deliver six prototype vehicles. Bob Wood August 13, 2020 . All rights reserved. However, Workhorse has stated that it expects to deliver between 300-400 vehicles by year’s end. About two weeks ago Workhorse announced a contract with “Ryder is a strong leader in offering unique, ground-breaking solutions for electric vehicle operations. 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. Workhorse Group Sets Second Quarter 2020 Earnings Call Read.

From an absolute standpoint, Workhorse made $84,000 of sales in the first quarter.

First, investors appear to be banking on the probability that Workhorse will become a part of a $6 billion U.S. The numbers 650 and 1000 denote the cubic footage of cargo space in each respective vehicle. In Q1 of 2019 Workhorse managed to make $364,000 of sales: relatively worse. Postal Service is upgrading its aging fleet. Many Workhorse bulls are counting on the potential US Postal Service contract to be the panacea that cures all ills.

As stated in the preamble, the entire EV sphere has been on a tear lately, racking up significant gains in the process.

None of this is to cast aspersion on Workhorse.

Perhaps Workhorse will win a portion, or all of the Postal Service award. Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. Currently priced at $17.43, WKHS sports a rich market cap of $1.8B with no real revenues, solely based on aggressive future expectations. 2020 InvestorPlace Media, LLC. They already have the truck …

Postal Service is upgrading its aging fleet. Alex Sirois is a freelance contributor to InvestorPlace whose personal stock investing style is focused on long-term, buy-and-hold, wealth-building stock picks. I believe that Workhorse will receive the USPS Contract.

So in any scenario, Workhorse loses, and the $1.8B bubble eventually will deflate. Workhorse Group Sets First Quarter 2020 Earnings Call for Wednesday, May 6, 2020 at 10:00 a. So in any scenario, Workhorse …

All rights reserved. Further, one important detail here is that Workhorse delivered only two C-1000 vans to Ryder so far. quotes delayed at least 15 minutes, all others at least 20 minutes. Investors keen to gamble on Workhorse shares though should search for further information about this as the project gets underway. Investors are purchasing WKHS’ potential and betting on its ability to be a first-mover in EV delivery.Nevertheless, those investors do need to know what sales really look like.


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