Workhorse Stock – Workhorse Group Inc. stock rises Friday, outperforms market : wallstreetbets
For the love of god, please listen to me. I’ve been in the commercial truck industry for 20+ years. I was the General Manger of a workhorse dealership for several years.
This company is trash. They have zero/little revenue and have been a minor player for years. Their largest success has been in motorhome applications. Navistar owned them at one point, and it is crazy to see they are valued at 25% of Navistar now.
They’ve essentially rebranded as an electric truck manufacturer, but it’s going no where. They aren’t winning contracts, have unproven management, and will be eaten alive by traditional.
Looks back 100 years — Thousands of automotive manufactures came and went in the US. 3 made it. Workhorse has the decked stacked against them and unproven management with a sketchy company history.