Where Will Workhorse Stock Be In 5 Years? At This Rate, Gone

Summary

• A long history of failure continues as Workhorse suspends deliveries and has to overhaul its core product.
• With the EV bubble burst and the USPS contract bid over, there simply isn't that much here.
• The bull case for WKHS stock rests largely on a new CEO and the drone business; neither has shown much reason for confidence.
• The story here isn't over, but without significant chance, Workhorse stock is on a path to zero.

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The challenge with Workhorse Group (NASDAQ:WKHS) stock at the moment is that it requires investors to simultaneously ignore its history and pay close attention to it.

Much of the drama that has surrounded Workhorse stock

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.