What's Going On With Workhorse (WKHS) Stock?
Portfolio Pulse from Henry Khederian
Workhorse Group Inc's (NASDAQ:WKHS) shares are down 8.4% to $0.42, with no company-specific news driving the decline. The stock is dropping amid a broader decline in the EV industry, following Tesla Inc's disappointing Q3 financial results. Tesla's performance often impacts the entire EV sector, leading to a general loss of confidence in EV-related stocks, including Workhorse.
October 19, 2023 | 6:17 pm
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Workhorse Group Inc's shares are down 8.4% amid a broader decline in the EV industry, following Tesla's disappointing Q3 results. Tesla's performance often impacts the entire EV sector, including Workhorse.
Workhorse's stock price is falling due to a broader decline in the EV industry, triggered by Tesla's disappointing Q3 results. As Tesla is a bellwether in the EV industry, its performance often impacts the entire sector, including Workhorse. This has led to a general loss of confidence in EV-related stocks and a selloff in Workhorse stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100