We're short $WKHS because we think there's immediate 50% downside. The company has an astronomical valuation of ~$1.5B despite less than $100k in revenue last quarter.
We see the chance of winning a material USPS contract as virtually zero. A reality check is on its way.
We see the chance of winning a material USPS contract as virtually zero. A reality check is on its way.
Company insiders and key stakeholders seem to agree; they have been aggressively dumping shares over the past several weeks/months. We expect insiders to continue to unload. 
$WKHS has a marginal 10% stake in Lordstown which needs ~$450m to even get off the ground, suggesting major dilution.
Retail investors & daytraders looking for the next $TSLA or $NKLA are in the wrong place, despite the recent widespread EV hype
Retail investors & daytraders looking for the next $TSLA or $NKLA are in the wrong place, despite the recent widespread EV hype
Regarding the much hoped-for USPS contract bid: $WKHS is up against the likes of massive players with already-established relationships like Ford.
Why would USPS select an unproven operator with virtually no proprietary IP?
Why would USPS select an unproven operator with virtually no proprietary IP?
Going with $WKHS would be an inordinate risk for USPS, which is already in financial distress and doesn't have the luxury to make speculative bets on new emerging companies
We think the July 14th USPS bid deadline will just be an empty event. We predict USPS will not engage with $WKHS in any material way and the stock will just bleed out over the coming weeks & months
