USPS And Short Squeeze Hopium Not Enough To Save Workhorse Bulls

Pacifica Yield
12.61K Followers

Summary

  • Workhorse was only able to record revenue of $521,000 in its first quarter 2021 earnings result.
  • Bulls are hoping for a retail led short squeeze and a reversal of the USPS division to award Oshkosh the NGDV contract.
  • The company's HorseFly drone perhaps presents the singular bull case for Workhorse.

USPS vehicle delivering mail and packages
Sundry Photography/iStock Editorial via Getty Images

Workhorse (NASDAQ:WKHS) is in trouble. The company's first-quarter earnings report for its fiscal 2021 was a disaster with continued near-zero revenues, negative gross margins, and cash burn set against dwindling investor enthusiasm for speculative electric

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