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Workhorse Group Inc. (WKHS)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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8.08-0.48 (-5.61%)
As of 2:36PM EDT. Market open.
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  • W
    Wai
    Thanks for the discounted shares today shorts! I plan to buy over 1800 shares today to average down to prepare for the rocket ride.
    Bullish
  • i
    imafed
    Wow! I just got caught up now on the Reddit feed. I had seen the picture of the blue van with the logos covered up but didn't make much of it. I didn't realize that people actually did color comparisons with the Walmart blue and found it to be a match and I didn't notice the logo masking on the front is actually proportional to the Walmart logo with the sunburst. This could get exciting. Sorry for being so behind on the latest news.
    Bullish
  • W
    Wai
    I saw some posts on Reddit (r/wkhs) that shows a blue Workhorse truck, rumor has it that Walmart are doing some testing with the trucks.

    If it is true that Walmart is partnering up with Workhorse, this stock will rise up to the moon very soon because that will most likely be reported by this upcoming earnings report sometime in November.

    This is a big deal folks, way bigger than that of the USPS deal, because Walmart is bigger than the USPS.
    Bullish
  • i
    imafed
    Shares borrowed = 318K. They need to borrow shares even on a red day to try and bring this stock down.
    Bullish
  • F
    Frank
    Latest big Walmart news!!! WMT working with emerging fleet EV builder:
    https://www.cnbc.com/2021/09/15/walmart-to-test-self-driving-cars-in-multiple-cities-with-ford-argo.html
  • i
    iqbal
    WKHS is a concept of the future with lot of funding expected from the Govt. Moreover it is 1000% aligned with the objectives of the US, Euro zone, China, and most importantly ESG investors (holding trillions of funds). There could be bumps, obstacles in the way but Success is the only option in this journey.
  • R
    Relbochat
    So if you think what I post is false or a lie, call investor relations and ask.
    1) Why are all the trucks parked around the factory? Are they sold? Why aren't they painted?
    Follow up with. How many trucks does Workhorse typically build before fulfilling the customer order?
    2) Is Workhorse encountering production problems due to the chip shortage? Are the trucks parked around the factory completed or are they awaiting chips.
    3) What is the current status of the UPS order? Have 50 trucks been delivered and paid for? Has UPS ordered the additional 950 trucks?
    4) Do you have any orders from direct customers, not just leasing companies? If so for how many trucks?

    You won't call because you don't really want to know the answers.
  • J
    JamesG
    the company does this stuff on purpose puts a model of a usps truck on a table during their orientation photo, posts a picture of a brown truck failing to post the Workhorse logo that takes up the whole side, leaves a blue truck outside with tape covering logos leaves a silver test truckin a Walmart parkinglot. All to get people's hopes up just to crush dreams during every ER.
  • R
    Relbochat
    imafed hits it on the head! "None of these trucks appear to be painted or wrapped for the customer" To paraphrase Occam's razor, the simplest explanation is the best one. None of the trucks were painted because they don't have a customer order and aren't sold. Use deductive reasoning. If the trucks were awaiting chips and final assembly, they would be painted with customer colors.
    Bearish
  • P
    Pityfuk
    Workhorse had nothing which will preclude competition.

    https://newatlas.com/drones/amazon-patent-fleets-delivery-drone/
  • D
    David
    The entire automotive supply chain including automotive chips among thousands of other parts and materials has been severely disrupted due to covid 19 delta. This is disastrous for Ford, and GM. Smaller and more flexible companies stand to benefit !!! Workhorse is in good hands management wise and any good news will send the stock higher !!!
  • F
    Frank9
    “After attending the recent Advanced Clean Transportation show, we are excited about the multiple business opportunities ahead for last-mile delivery truck and drone system technologies,” said Workhorse CEO Rick Dauch. “These opportunities include several commercial industry markets as well as a broad array of initiatives designed to modernize and electrify government funded and owned vehicle fleets across the country at the federal, state and city level.
    The federal government has announced its intention to replace its fleet with electric vehicles, and we believe that the best way for us to work with any governmental agency is through cooperation, not through litigation.
  • i
    iqbal
    Learn from kathy who buys on dip. We r the followers. It is big buying opportunity for us for sure. I have been holding 10k and will add more. Though I am down on 10k but my target is 2023.
  • i
    imafed
    Shorts ended up returning an additional 235K shares today. We went up $.29 or 3.51%
    Bullish
  • W
    William
    Over-simplified extrapolation of yesterday's minor short covering (993k returned - 921k borrowed = 72K shares) which by the way was half of the total volume (the day before was over 3 million shares borrowed, 2 million returned and shorts going 1.1 million shares in the hole).

    72k covered cost the shorts 0.5% share price increase. With 42 million exchange reported short shares currently and ultra-conservatively assuming 0 naked or synthetic shares (likely there are tens of millions to add to the 42 million), let's assume shorts end up having to cover half of their positions. What does this look like?

    42m/2 = 21m shares to cover. 21m/72k = 583 times the amount of covering we saw yesterday.

    Current price $8.27 * 1.005 (because of 0.5% increase per 72k shares covered) ^583 (to the 583rd power because each successive 0.5% increase is not just on current price but the increased share price) =

    1831% share price increase or $151.46 share price if just half of the exchange reported shares are forced to cover! And this does not include the fact that large increases in share price will attract more buyers and the buying pressure will result in significantly more than 0.5% share price increase per 72k shares covered.
    Bullish
  • R
    Relbochat
    Video on Reddit showing all the trucks Workhorse has built. https://www.reddit.com/r/WKHS/comments/ppvf7r/sept_15th_wkhs_union_city_in/?utm_source=share&utm_medium=web2x&context=3 I count 111 trucks which is pretty much all the trucks the company claimed to have built. At two per day that is over two months of production. With a supposed 8,000 truck backlog, why are these sitting in the parking lots? Why haven't they been delivered? At $60K per truck that is $6 million of finished goods inventory wasting away. I guess they don't need to get paid.
  • T
    Tom
    Total Sales since going public in 2010 (when Tesla went public) = $20 million...
  • K
    Kristeva
    Should You Hold WKHS - Workhorse Group Inc. Stock Monday? Source: http://clickinstantt.qlitrk.com/r/zixh
  • A
    Aaron
    Could Walmart Acquire Workhorse and UPS To Compete Against Amazon?

    https://ownsnap.com/could-walmart-acquire-workhorse-and-ups-to-compete-against-amazon/
    Bullish
  • U
    Ufuk
    I bought 600 shares at 28$, so I already lost 70% and at this point why would I sell? What would I even do with that little money?
    Bullish