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Is It Time to Put Workhorse Group Out to Pasture -- Or Not Quite?

·4 min read
Is It Time to Put Workhorse Group Out to Pasture -- Or Not Quite?
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Following failure to win a huge USPS delivery vehicle contract, electric vehicle (EV) maker Workhorse Group (NASDAQ: WKHS) is seeing its share prices crash even lower. Investor confidence sank recently on the recall of several dozen Workhorse delivery vans for upgrades. Among other troubles, Workhorse recently lost a multibillion-dollar contract to build electric delivery runabouts for the Postal Service to industrial vehicle maker Oshkosh Corporation (NYSE: OSK).