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Why Workhorse Stock Lost Half Its Value in February

TheMotleyFool

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Why Workhorse Stock Lost Half Its Value in February

Shares of Workhorse Group (NASDAQ: WKHS) fell 52.9% in February, according to data provided by S&P Global Market Intelligence, after the U.S. Postal Service decided to look elsewhere when awarding a $6 billion vehicle contract. The loss doesn't doom Workhorse's business, but it does add to the challenges the start-up electric truck maker faces.