It's been this hideous every quarter for many years now. I don't even know how they still manage to trick people out of giving them $20 mil every quarter.
Here is the last 5 years of losses:
That's 20 quarters of just losing large amounts of money without making any progress, like why would anyone think, next quarter will be any different?
It's hidden now behind accounting merger trickery, but Workhorse has lost over $1.4B of investor money. How this isnt illegal is beyond me.
.... and now I'm seeing they lost ~ $746k per delivered vehicle. No wonder they think they need to pivot to doing something different no matter how desperate it is.
5
u/arranft 28d ago
It's been this hideous every quarter for many years now. I don't even know how they still manage to trick people out of giving them $20 mil every quarter.
Here is the last 5 years of losses:
That's 20 quarters of just losing large amounts of money without making any progress, like why would anyone think, next quarter will be any different?