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re: Is anyone following WorkHorse ( WKHS )?

Posted on 2/2/21 at 10:42 pm to
Posted by Ballstein32
Member since May 2020
422 posts
Posted on 2/2/21 at 10:42 pm to
Here's an update from Jan 28th regarding Lordstowns scheduled production timeline....

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HOME LOCAL NEWS

Lordstown Motors says it’s on track to begin Endurance production

Lordstown Motors’ electric van is in development, with plans to be unveiled in June and production to start in the second half of 2022.

Jan 28, 2021 10:36 AM By: Mahoning Matters staff

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Lordstown Motors’ all-electric Endurance pickup truck was unveiled at the Lordstown plant in June 2020. (William D. Lewis | Mahoning Matters)

LORDSTOWN — Lordstown Motors Corp. has announced another round of commercial, operational and strategic development updates as it remains on track to begin production of the Lordstown Endurance.

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“We are hard at work in the factory preparing to begin beta builds in the coming weeks,” Steve Burns, CEO of Lordstown Motors, said in a news release. “With this step on the horizon, we remain on track to meet our September start-of-production timeline while continuing to see indicators of strong demand for an all-wheel-drive, full-size electric pickup truck with 250 miles of range from commercial, government and military fleets.”

Developments:

Lordstown Motors has initiated the metal stamping and welding for the first 57 beta prototypes of the Endurance and expects to complete the first beta vehicles on schedule in March. The beta series prototypes will be used for crash, engineering and validation testing. The company also expects that some of these vehicles may be sent to some initial customers for their feedback.

Lordstown Motors has added to its long-term battery cell supply chain, recently signing a multiyear supplier agreement with LG Energy Solution, a global leader in battery cell technology.

Evaluation of the first Camping World/Lordstown Endurance Service Centers continues. In addition to Lordstown Motors-owned service centers, such as the newly opened facility in Irvine, Calif., the company is continuing its review of plans to utilize Camping World’s extensive footprint and service expertise to ensure nationwide service coverage for all Lordstown vehicles.

Lordstown Motors’ electric van is in development, with plans to be unveiled in June and production to start in the second half of 2022. Based on the Endurance platform, the van will utilize hub motors to achieve all-wheel drive and low ground clearance.

Lordstown Motors has been added to the United States General Services Administration listing, the first step toward being able to sell to government fleets. With this step complete, the company has started its outreach to state and local government entities, including the U.S. military.

Construction continues on an 800,000-square-foot propulsion renovation at Lordstown Motors’ 6.2 million-square-foot headquarters. Completion of the first stage of the previously announced facility, which will house production lines for advanced battery packs and hub motors, is expected in time for the planned start of production of the Endurance in 2021. When completed, Lordstown Motors expects the facility to be one of the largest of its kind in the United States.

This post was edited on 2/2/21 at 10:44 pm
Posted by Ballstein32
Member since May 2020
422 posts
Posted on 2/2/21 at 11:13 pm to
Also, now that we're diving into RIDE as well as WKHS, should we change the thread title to mention both?

I don't think I've seen the OP in quite some time so not sure if its possible
This post was edited on 2/2/21 at 11:14 pm
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
36943 posts
Posted on 2/2/21 at 11:21 pm to
quote:

AncientTiger


I bought 100 of both today. If i was going to grab 100 more of one of them which would you suggest? WKHS?
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
2104 posts
Posted on 2/2/21 at 11:32 pm to
quote:

I bought 100 of both today. If i was going to grab 100 more of one of them which would you suggest? WKHS?


Of course I love both.
WKHS - short term gains
RIDE - Long term gains

Although it’s tough, WKHS will also do FANTASTIC long term. Cannot go wrong either way....GL
Posted by BobRoss
Member since Jun 2014
1724 posts
Posted on 2/3/21 at 10:48 am to
Thanks for this. Hit it at the dip yesterday and it's running today.

Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
36943 posts
Posted on 2/3/21 at 10:57 am to
quote:

Of course I love both.
WKHS - short term gains
RIDE - Long term gains


I went with WKHS.
This post was edited on 2/3/21 at 10:58 am
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 2/3/21 at 11:06 am to
quote:

Ok let’s be serious for a moment. WKHS sits today at $34.86 w/o USPS. imo - be prepared. If the contract is delayed the stock will dip......I am buying every share available with the cash I have available. Why? Because WKHS is worth $45 - $60 today without USPS. Only held down in this price range by those MEAN HEDGE FUNDS....GL.


AT - Can you explain in laymans terms how/why the HF's are holding WKHS back?
Posted by Ballstein32
Member since May 2020
422 posts
Posted on 2/3/21 at 11:11 am to
I'm assuming he's talking about the short interest in this stock. Its around 30%
Posted by TigeRoots
Member since Oct 2008
8556 posts
Posted on 2/3/21 at 11:19 am to
quote:

I'm assuming he's talking about the short interest in this stock. Its around 30%


Makes sense; thanks.
Posted by BobRoss
Member since Jun 2014
1724 posts
Posted on 2/3/21 at 3:26 pm to
What leads everyone to think WKHS gets this big contract with USPS over $OSK and $F ?
Posted by eng08
Member since Jan 2013
6009 posts
Posted on 2/3/21 at 3:29 pm to
RFP wanted all electric, others are not
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
2104 posts
Posted on 2/3/21 at 3:35 pm to
What leads everyone to think WKHS gets this big contract with USPS over $OSK and $F ?

Did you miss the part of the NGV BID that requires 100% EV on 75% of the Award. Guess which company is the only 100% EV bidder? WKHS of course. By chance did you listen to Biden's BUY AMERICAN speech last week? Well, that knocks out Karsan they are a Turkish company with a hybrid product.

So now we are left with Ford / OSK hybrid 25% and WKHS 100 EV 75%. btw - the award is valued at $20 Billion over 25 years.....game changer!!!
Posted by BobRoss
Member since Jun 2014
1724 posts
Posted on 2/3/21 at 3:36 pm to
Thanks AT! I knew it was sound I just wasn't sure on the particulars.
Posted by AncientTiger
Mississippi- Louisiana - Destin
Member since Sep 2016
2104 posts
Posted on 2/3/21 at 3:39 pm to
quote:

AT - Can you explain in laymans terms how/why the HF's are holding WKHS back?


One word OPTIONS!!! The Market Makers / Hedge Funds are responsible for the OPTION PAY-OUTS! At all cost the MM's hold down stocks to avoid paying out option contracts!!!!GL
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
36943 posts
Posted on 2/4/21 at 12:10 pm to
Holy shite, fellas...up $5 today. Any known reason for the pop?
Posted by dltigers3
Collierville, TN
Member since Jun 2010
2212 posts
Posted on 2/4/21 at 12:44 pm to
No, but I’m kicking myself. I sold off WKHS yesterday so I could buy more pins before earnings... hoping for a dip in WKHS next week so I can get back in
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
36943 posts
Posted on 2/4/21 at 12:58 pm to
quote:

No, but I’m kicking myself. I sold off WKHS yesterday so I could buy more pins before earnings


I'd say wait until those earnings are released before you start beating yourself up on that move.
Posted by sonoma8
Member since Oct 2006
8153 posts
Posted on 2/4/21 at 1:01 pm to
I sold a few shares at a 25% profit today. After the AMC/GME shite show, Im taking my profits at 20-25% and waiting for the dip to buy back in.
Posted by bubbz
Baton Rouge
Member since Mar 2006
23117 posts
Posted on 2/4/21 at 1:04 pm to
I bought in 100 shares at $26, and just bought another 50 at $40
Posted by bubbz
Baton Rouge
Member since Mar 2006
23117 posts
Posted on 2/4/21 at 1:09 pm to
Never hurts to take profits, but I think the reddit stocks are extremely volatile and I’ve steered clear.
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