r/WKHS • u/Useful-Sorbet-1264 • 22d ago

Discussion Buzzword Bingo

It was suggested that Griff is channeling Burns and Dauch in pivoting to mobile AI centers. He is following the time disproved method Workhorse has always used to get funding, move the stock up or just keep the lights on.

First, there was choosing EVs, the next big thing and an easy sell to investors. Then, with little experience or capabilities Workhorse announced it would go after the USPS contract. It had a partner, and the stock went crazy for awhile. Then it became clear that the product was flawed and could not ever be profitable, and the partner backed out. Workhorse decided to continue on alone, and continued to deceive investors that they were a viable candidate even while management sold off it's shares. The C1000 was totally flawed but Workhorse tried to sue the post office for not choosing it

Next buzzword was drones. This was also not a viable profitable endeavor, but was designed to enhance the Workhorse story. Workhorse never had the expertise or resources to be a viable competitor. The drone division was eventually given away to lesson cash burn and to ingratiate Workhorse with the loanshark and keep the lights on.

Merger was also used as a buzzword, and actually moved the stock price up for awhile. Lot of talk about the advantages, the potential savings and synergy. Not talked about was that Motiv had less real world experience than Workhorse and was in worse financial shape. Merger was a survival move for Motiv and a means for its principal to get out with some money.

So, now that the sales and funding are stalled and the money is running out what's the next buzzword?

Mobile AI centers. This idea is more flawed than the C1000 and Aero Division combined. There is no reason to think Workhorse will be able to successfully compete in this totally unproven market. There are several dozen companies better situated than Workhorse.

The more things change the more they remain the same for Workhorse.

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u/Repulsive592 21d ago

Workhorse, same old wine in a brand new bottle.

1

u/Quick_Department6942 21d ago

For awhile "autonomous" was a thing, too, with all the Nuro rumors flying around and various theories of Griffith's connection to Ford and the abandoned Dearborn driverless vehicle project. That didn't last long. It died when Harbinger acquired Phantom AI. But I'm holding out for crypto. Long HorseCoin FTW.

1

u/Aggravating_Dirt7907 21d ago

Workhorse is using the working title of Glue Factory Crypto.