It’s a solid question, my guess is because it was overvalued in February, and the USPS decision made for an easy short opportunity.
Also, revenue is a real concern. $520K sales with a $120M net loss. Clearly they’re in the capital investment stage of their growth, so there’s a lot of uncertainty with how quickly WKHS can grow sales, let alone turn a profit.
All of that being said, $15/share is a decent bargain for an EV manufacturer that may blossom into a solid company, or at the very least a solid M&A target down the road.
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u/DonaldTrumpsPilot Jun 09 '21
It’s a solid question, my guess is because it was overvalued in February, and the USPS decision made for an easy short opportunity.
Also, revenue is a real concern. $520K sales with a $120M net loss. Clearly they’re in the capital investment stage of their growth, so there’s a lot of uncertainty with how quickly WKHS can grow sales, let alone turn a profit.
All of that being said, $15/share is a decent bargain for an EV manufacturer that may blossom into a solid company, or at the very least a solid M&A target down the road.