May. 15 at 7:39 PM
$WKHS just sharing ..for awareness
The Survival Math
🔴 Negative Profit Margins: The promotional pricing cuts (
$61,000 off per van) mean they lose money on every truck built.
🔴 Credit Line Exhaustion: Building 200 trucks will drain their remaining
$30 million order-specific credit facility.
🔴 The September Cliff: Deferred factory rent and loan interest accumulate into a massive lump-sum payment due on September 30, 2026.
What Is Required to Survive?
To survive past 2026, Workhorse must successfully execute three emergency moves alongside the deliveries:
⚠️ Massive Share Dilution: They must issue and sell millions of new stock shares to raise cash.
⚠️ Price Adjustments: They must completely eliminate promotional discounts by early 2027 to achieve positive gross margins.
⚠️ Refinancing Deals: Lenders must agree to push back the September 30, 2026 repayment deadline.