Workhorse Group drops nearly 50% after EV company is passed over for USPS contract

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 72%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Shares of Workhorse Group dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service.

dropped more than 50% at one point on Tuesday after the company was passed over for a key contract from the U.S. Postal Service.

The U.S. Postal Service awarded the first part of the 10-year, multi-billion dollar contract for modernization of the postal delivery vehicle fleet to Oshkosh Defense. The initial investment will be $482 million. The U.S. Postal Service contract award decision was drawn out over several years after a series of delays. The contract was seen by the Street as an upside catalyst for pre-revenue Workhorse Group.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Workhorse isnt going out of business, they will be reporting earnings on Monday. Lets see what they have to say before I give up on them

Great time to buy

Wow that truck is a piece of shit.

political fucking corruption at its finest. Oshkosh doesnt even make electric vehicles. SMH

$XL will win

What happened to ALL EV GOVERNMENT FLEET? Cmon biden! Fire DeJoy! That’s a slap in the face! POTUS

say it with me 'OVER SOLD'

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين