Workhorse Trucks

During the past year, Workhorse has done $3 million in sales. However, it hasn't really delivered on its product roadmap. The company hasn't been able to manufacture trucks at scale, which is a big part of its value.

Workhorse is a company that builds battery-electric vehicles. It also develops real-time telematics performance monitoring systems. Its products include high-performance medium-duty delivery trucks and eVTOL aircrafts. It has a strong base of strategic partnerships in the automotive industry.

Workhorse's stock is valued at $400 million. Investors are bidding up the stock. Its price represents the number that a seller and a buyer agree upon. The higher the stock price, the more money the company can raise. If Workhorse can execute on its production plans, the stock should rise.

Workhorse is based in Michigan. It has a new CEO. Richard F Dauch, a former auto manufacturer, took over the company a few months ago. It has also made changes to its product roadmap. It has a full line of commercial products by 2024.

The global electric truck market is expected to grow 26.3% CAGR from 2022-2030. It is expected that mainstream automakers will begin making commercial EVs. GM, Ford, and Daimler are among those that have announced plans. The Post Office has also made an agreement to purchase 84,500 electric vehicles.

Workhorse is one of the companies that can benefit from the secular transition to EVs. Its products have a low maintenance cost and are able to travel farther than other commercial vans.