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Why Shares of Workhorse Group Plunged 15% in March

Author Bio A member of The Motley Fool since 2006, Scott began contributing content in 2013. His focus includes renewable energy, gold, and water utilities. Follow him on Twitter. . . Follow @scott81236 What happened After plummeting 53% in February, shares of Workhorse Group (NASDAQ:WKHS) continued to slide last month, falling 15%, according to data provided by S&P Global Market Intelligence. Investors had high hopes that Workhorse Group would come away as a winner regarding its bid for a contract with the U.S. Postal Service (USPS) to help electrify its fleet of delivery vehicles. In January, for example, investors had driven Workhorse Group s stock 74% higher on the belief that Workhorse would win the award. Their optimism quickly faded, however, when the USPS ultimately decided to award the contract for Next Generation Delivery Vehicles (NGDV) to

Duane hughesLouis dejoyUs postal serviceWorkhorse groupNext generation delivery vehiclesGeneral louis dejoyட்வேந் ஹக்ஸ்எங்களுக்கு போஸ்டல் சேவைஉழைப்பு குழுஅடுத்தது ஜெநரேஶந் டெலிவரி வாகனங்கள்

(RIDE), General Motors Company (NYSE:GM) - News Analysis: Nikola tormentor Hindenburg Research Opens Fire On Lordstown Motors

LMC is a mirage that paid outside consultants to pad the order numbers to increase investor confidence. Founder Steve Burns used unethical and deceptive business practices and untested components to make the electric commercial pickup truck called Endurance. And the report raises questions about how much technology the company has, just as Hindenburg did at Nikola. It cites specifics of a lawsuit alleging LMC stole at least some intellectual property and poached employees from another startup electric vehicle (EV) maker. ‘Half-truths and lies Burns told The Wall Street Journal the Hindenburg report contained half-truths and lies. He said Hindenburg is trying to hurt the stock before the company reports its first quarterly update as a publicly traded entity next week. Burns did not return a call from FreightWaves.

United statesJim cramerJames taylorWhite knightSteve burnsDuane hughesTrevor miltonMary barraMorgan stanleyDiamondpeak holdings corpUs postal serviceWorkhorse groupLordstown motors corpWolfe researchHindenburg researchRf lafferty co

Lawmakers Introduce Bill Offering USPS More Money for EVs

Lawmakers Introduce Bill Offering USPS More Money for EVs
thetruthaboutcars.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetruthaboutcars.com Daily Mail and Mail on Sunday newspapers.

United statesPeter defazioCarolyn maloneyJared huffmanLouis dejoyUnited states postal servicePostal serviceReform committeeInfrastructure committeeOshkosh defenseNext generation delivery vehiclesPostmaster general louis dejoyHouse representative jared huffmanCalifornia democratUnited stateRepresentative peter defazio

Postal Service Archives - The Truth About Cars

Postal Service Archives - The Truth About Cars
thetruthaboutcars.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetruthaboutcars.com Daily Mail and Mail on Sunday newspapers.

United statesJared huffmanLouis dejoyUnited states postal serviceOshkosh defenseNext generation delivery vehiclesPostmaster general louis dejoyHouse representative jared huffmanCalifornia democratUnited stateஒன்றுபட்டது மாநிலங்களில்ஜாரெட் ஹஃப்மேன்ஒன்றுபட்டது மாநிலங்களில் போஸ்டல் சேவைஆஶ்காஶ் பாதுகாப்புஅடுத்தது ஜெநரேஶந் டெலிவரி வாகனங்கள்கலிஃபோர்னியா ஜனநாயகவாதி

government spending Archives - The Truth About Cars

government spending Archives - The Truth About Cars
thetruthaboutcars.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetruthaboutcars.com Daily Mail and Mail on Sunday newspapers.