Workhorse Group’s second-quarter revenue of $12,600 looks like a typo. But the maker of medium-duty electric delivery vans and chassis needs to put up with snickers and head-scratching for a while longer.
After gains in nine of the last 10 Wall Street sessions, Workhorse (NASDAQ: WKHS) shares fell 24.16% Tuesday to close at $3.39. Senate passage of the Inflation Reduction Act that includes significant money for electric vehicles and infrastructure fueled much of the stock’s run up.
The...
https://www.freightwaves.com/news/workhorse-shares-tank-on-anemic-q2-revenue