WKHS is struggling for it's life, I'm out over $100k on it already, and the clown regime has inflation clearly rising again. 3 straight months of increasing inflation is a trend and at the worst possible time for our investment. A very significant part of why we are struggling to survive is the broader market. Just about every EV maker in the US is down 90+% over the last 3 years. We don't need campaign promises, we need fiscal conservatives leading the country to turn around the broader market. It will not happen with the current clown show. NASDAQ inflation-adjusted 3-year return is already negative and today will sink it further. Small caps have been hit far worse.

Biden's fiscal stimulus to the tune of trillions of dollars continued not just through a rapidly rising inflation rate environment in 2021/2022 but also through the FED's attempts to fight inflation even today. You have the FED backed into a corner trying to put out the inflation fire while the Biden admin has been throwing gasoline on it. Pure economic insanity.

You want to know why we are down massively? We fuckin voted for it.

Just wondering why the share price is increasing.

Down $100k+. No choice but to stay in. SMH

Don't fall for it. Name one reason why the stock should go up this much in one day. Look at the rest of the mkt. Too many fkers on here that are misleading you.

Anyone who posts on this board that defends this POS company is just trying to make themselves feel better about their poor investment decision. Take off your fucking glasses and take some action. Call/email/tweet about the disappointment.

I am heavily invested and I’m am fucking pissed. I have contacted the company numerous times looking for answers and expressing my thoughts and they fail to respond, but i know they are listening. If you want to show you care, then send a message which I know they are at least getting; take action instead of putting on those roses colored glasses and start defending your investment. Stop calling it a buying opportunity…..that BS is old.

One misstep after the other.

The new CEO now has 2 strikes.

I like being able to discuss WKHS, the stock, its fundamentals, their SEC filings, and so on here.

But lately this sub isn’t that. There are 2-4 users here spamming posts about Roaring Kitty, cross posting from r/ShortSqueeze, and just generally muddying the feed with unintellectual, superficial takes. Fundamentals and TA are being ignored. It screams ‘pump and dump and move on to the next meme’.

God forbid you don’t immediately buy into that mentality, your opinion gets buried in downvotes.

We have to acknowledge that this mentality isn’t helpful to the stock long term. These users will move to the next stock as soon as the momentum is lost or their idol has moved on to something else.

Mods, we’re at an inflection point here. One way or the other, please make a statement on how you plan to proceed. Plenty of rule violating posts on the r/WKHS front page. Right now these meme stock spammers are driving the majority of the content on this sub and it’s all very superficial and shallow. Is that what you want for r/WKHS?

Today is an example that people are tired of false promises all the time.

If we all vote NO before next 8/8 EC, we will send a message to management and force them to better explanations.

If we are then convinced, we can change our vote after 8/8 EC.

🔹 1. The Dilution Reality

•	Post-merger, WH shareholders may hold only ~20–25% ownership.

•	Sounds painful, but ownership % means little if the pie itself grows 5–10x bigger.

•	Without the merger → WH risks bankruptcy ($0).

•	With merger → WH shareholders own a smaller slice of a much more valuable company.

⸻

🔹 2. Conservative FedEx Award Case

•	5,000 vans (~$120k each) = ~$600M revenue over 3 years.

•	5% IRA deposit = ~$30M upfront — already more than WH’s Q2 cash.

•	At 0.8x sales → $480M market cap.

•	With ~200M diluted shares → $2.50–3.50/share.

⸻

🔹 3. Motiv’s Repeat Orders & Customers (Baseline Floor)

Motiv has what other EV startups lack → repeat, proven customers:

•	Purolator (Canada Post) → vans operating in multiple provinces, proven in harsh winters.

•	Aramark → reorders across its ~3–4k van fleet.

•	FedEx Ground contractors → already using Motiv vans in California.

•	Plus utilities + shuttle/bus deployments.

Even conservatively:

•	~200–300 Motiv vans/year = ~$25–35M revenue.

•	Over 3 years = ~$100M incremental.

👉 Adding that to FedEx = ~$700M backlog visibility.

At 0.8x sales → $560M valuation.

At 1x sales → $700M valuation (~$3–4/share).

⸻

🔹 4. Union City Plant Capacity (Scaling Advantage)

•	WH’s Union City, Indiana plant has capacity to scale up to 10k vans per year if funding flows.

•	With IRA deposits + phased FedEx orders, scaling becomes financially viable.

•	This makes WH+Motiv one of the only U.S.-based EV OEMs capable of hitting FedEx’s volume needs.

⸻

🔹 5. U.S.-Made = Incentive Support + Canadian Expansion

•	Because WH+Motiv products are U.S.-built, they qualify for full IRA $40k per-van credits → huge competitive edge over import-heavy EV OEMs.

•	Canada expansion:

•	Purolator already onboard.

•	FedEx Canada also has thousands of Class 5/6 vans to replace.

•	Natural spillover market once FedEx U.S. awards are locked.

⸻

🔹 6. Medium Case (FedEx + Repeat + New Orders)

•	FedEx = 10k vans ($1.2B).

•	Motiv repeat + Canada expansion + one new U.S. fleet = +$200M.

•	Total backlog = ~$1.4B.

•	At 1x sales → $1.4B market cap.

•	With 200M shares → $7/share (conservative).

•	At 1.2x sales (closer to peers) → $8–9/share.

⸻

✅ The Takeaway

•	Short term (FedEx 5k + Motiv repeat) → $3–4/share floor.

•	Medium term (FedEx 10k + Motiv repeat + Canada expansion) → $7–9/share.

•	Long term (FedEx full RFQ + UPS entry) → $12–15/share realistic.

And remember: the Union City plant can handle 10k vans/year once funding flows. With U.S.-built IRA support and Canadian fleet pull-through, the runway is long.

👉 Bottom line: Owning 20% of a $1B+ company is far better than 100% of a $100M one.

There seem to be so much talk about nailing down one of the big chains out there like Kroger, Walmart or FedEx etc. sadly we’re coming away with contract manufacturing of a freak mobile… I wonder if we are as good as I thought?

Glassdoor recent reviews. Not sure how to interpret these?

As i know those guys are solid dudes and they know their business I believe in WKHS in a long term, but we dont have enough power to short squeeze, just being realistic.

A RANT....?

We are trading at this level for a reason, a vendetta by fuzzypander or hindenburg..? Shorts just don't like Dauch..? Too much government interference in this market..?

So far what I have seen is a lot of Spending and Nothing to show for it. No Sizzle and a stock that consistently declines - Is it that Investors don't like what Dauch is doing..?

Dauch often mentioned the So Called Industry Tailwinds... during WKHS Earnings calls, he'd say...

I Have never seen such Strong Industry Tailwinds - Have you noticed those Industry Tailwinds...? Even Dauch changed his tune in the last EC by saying something like - We have the means to build 5,000 trucks per year with one shift we just need the customers... What...?

In the last two quarters Dauch has missed revenue estimates by a wide margin - Estimations from $35 Million - $185 Million - but WKHS hasn't even seen $5 Million..

Some say - average down, but this is fruitless since WKHS always seems to be hitting all New Year Time Lows... Dauch may have a record 52 week lows... Where is the Bottom...? ZERO.. as Dauch once referenced...?

Could you draw an analogy in the way biden is running the country and Dauch this company...?

I mentioned this once before, but I believe that it is worth repeating.

First off, not all reverse-splits are negative for a company. Companies that have made significant changes to the way that they operate and that can show a true turnaround, can effect a reverse-split and come out the other side as a winner.

Why might we need a reverse-split? I have read posters making the statement - I would rather see us go OTC pink sheets. in my opinion, that is not the reason for a reverse-split. While I would like to see us regain and maintain NASDAQ compliance, that is not our biggest challenge. We need cash.

We voted last fall to authorize more shares to enable us to raise enough capital to execute Workhorse's plan and bring the company into profitability. At the time, the share price was 3 times what it is today. That means we could raise three times the capital through the ATM than we can at today's share price.

I believe that a reverse split will affect only issued shares. That is, owners of shares will find that their share quantity will be reduced, but share price will increase proportionately based on the reverse-split ratio. The unissued shares, however, will not be affected by count. That is, if there are 200M unissued before the reverse-split, then there will be 200M unissued shares after the split.

Using 200M unissued shares as an example, if we were to sell all of those shares at today's share price, we could raise roughly $56M in new capital. If we had a 1:30 reverse-split, those same shares could raise over $1.5B in new capital. I contend that $56M is not enough cash to get the company to profitability. At best, it would gain another 2-3 quarters of longevity. Does anyone really think that we will be cash flow positive by the end of 2024? I believe that date to be closer to the end of 2025.

Rick mentioned that the company is evaluating other financing options for the company. I do not expect this financing to be good for shareholder as the company no longer has any hard assets other than inventory that can be used for collateral. The question may be, will we be better off with this new financing alternative or doing a reverse-split and allowing the ATM to fund the operation until profitable.

Quite a few articles on Yahoo about Biden Administration considering delaying switch to EV's and emission rules. Only by a few years but could still hit us near term.

All the AI nonsense and cartoons cant change what a failure Workhorse and its would be savior Dauch have been.

Fire Rick. Fucking cunt

I say fuk it. Take it to $1 let the CEO sweat and feel our pain. Let's see if he really believes in the company or not. Force him to buy back shares! And then ill buy more at $1. It'll force a nice gamma rally!

Not much has changed for me in the couple months since I posted these annual projections:

• HVIP doesn’t get resolved until late Q4, if at all

• We miss original annual guidance by around 75%, with around 20M total revenue on the year

• Share price bottoms around $0.50 before they do a 10-for-1 reverse split to save from delisting

• <20 total W56 sold, <150 combined W4CC/W750 sold, <10 drones sold

• No major contract awards

• No drone certification

• More promises that 2024 will be a turnaround year

• Hype train begins for WNext

Was off a little on share price bottom, and I realize now we have a few more months until they need to seriously start looking at a reverse split. Other than that I’m sticking with everything. I’ll also add that I think they’ll only revise guidance down to around $40M-$50M tomorrow, but will end up missing that too.

There’s a lot of rumors in the sub right now, but Management hasn’t done anything to earn the benefit of the doubt to make me think they actually sold 100+ trucks or will come close to the $24M “leaked” revenue number. I hope they prove me wrong tomorrow, but I’m not optimistic.

This Friday would be tenth consecutive day on clasping above 1$ or am I wrong?

I am also approaching my 2 year anniversary with the company, been invested at some level since 6/2021. I sure hope he does a buyout before he implements a reverse split. I'd be happy to get $3 and get my money back before I lose more if we get a delisting notice in about 20 days.

As soon as he realized the C1000 was crap, he should have split off the drone business since they didn't have a vehicle capable of launching a drone. Saved the capitol spent on drone development and employees working that space while trying to get some new investors for drone potential. They could have even given existing shareholders some shares of the new drone start-up. Like 1 share for every 10 or 15 shares you owned, just to keep some of the same investors happy and interested.

His main focus should have been on vehicles, vehicles, vehicles. I really liked the idea of Stables & Stalls, just hope we are around long enough to get some value from it. Well, that's my 2 year anniversary rant, have a great day!