Major overreaction to the loss of the UPS contract. This is still a young EV company and has shown that it will continue to find a place in the market
We have a couple of scenarios here.
1. They beat on earnings and they quickly get back to trading in a -+$20 zone
2. The tank earnings and you could see a break of support (all the way to $10 IMO)
3. Earnings has no effect and they slowly consolidate until the next major catalyst
Either way, there are some opportunities here for WKHS, I sure the UPS contract won't be the only gov contract we'll see go to various American EV companies.
(Not financial advice do your own DD)
We have a couple of scenarios here.
1. They beat on earnings and they quickly get back to trading in a -+$20 zone
2. The tank earnings and you could see a break of support (all the way to $10 IMO)
3. Earnings has no effect and they slowly consolidate until the next major catalyst
Either way, there are some opportunities here for WKHS, I sure the UPS contract won't be the only gov contract we'll see go to various American EV companies.
(Not financial advice do your own DD)