But these are diesel trucks, so most probably more expensive to run. Some more republican politics for you. Knowing that these 165,000 USPS trucks will be on the roads for decades, it would really be a great move to make them electric considering the environmental impact and the shifting world views.I invested in Workhorse ever before I realized the political game being played on the background.But now that I’ve been following the story – trying to predict whether Workhorse will win the bid – things have become clearer…There are many separate pieces of information that, when put together, point to the fact that Workhorse will win the bid, and it’s got a lot to do with Trump wanting to win the presidential election. Thank You for supporting Hammocks in the Wind.Let’s talk about the chances of Workhorse winning the $6 billion USPS contract and what the hell is going on.Can we make an educated guess on whether Workhorse will get the contract?Workhorse is a US electric vehicle company that could be used as a political powerplay by Trump to secure votes in the US 2020 Presidential Election. Claiming he saved USPS from imploding, how he’s the best business person and how only he can get things done…According to Workhorse, a comparable gas delivery truck costs $1/mile to operate, whilst Workhorse’s truck only costs $0.36/mile.As you can see from the graph below, the total cost of owning a Workhorse truck is $134k, whereas a regular truck would cost $304k over the 20 years. But it is how it is, so we need to understand what is going on behind the scenes to figure out what will happen to Workhorse in the near term.I knew about the US Postal Services contract and that Workhorse has a compelling EV product that USPS should go for. And, Trump could win votes and create a huge story around giving jobs to Ohio and “saving” the USPS by going with Workhorse.Of course, this is just my analysis, and nothing is by no means guaranteed.I won’t be making any price target predictions here, but these days, EV stocks and stocks in general are moving up and down 10+% on almost any news.If Workhorse got the whole USPS contract, I think it could move the stock a lot.
It’s also the only fully electric player in the mix – and that is important because it makes the trucks cheaper to run.
(USPS is not commenting on which finalists remain, but these three seem to be the only ones left. From spy shots to new releases to auto show coverage, Car and Driver brings you the latest in car news.
The bid ended on July 14, and the results are expected to come out some time in September 2020…but maybe earlier?As I said, Workhorse is the only EV player competing for the USPS deal.And environmental regulations are tightening! A player aligned with future emissions goals. He has himself created this story and will now be able to claim credit for “saving” USPS.Maybe an EV company wouldn’t bode well with republican voters? Trump won Ohio last election, so if he doesn’t win the state this time, it would definitely reduce his chances of winning.Which could start producing all these hundreds of thousands of trucks.And an announcement of hundreds or thousands of jobs being created in Ohio could really swing the state in his favour.That would mean new jobs in Ohio fresh in peoples’ minds for election day.The election is on November 3rd whereas the USPS decision is anticipated for September.
The information presented in this blog post does not, under any circumstances, represent a recommendation to buy, sell or hold any security or asset class. On September 29, Trump and Biden will clash for the first time with just the two of them on the stage.The USPS decision is supposed to come out in September – some are even predicting that Trump and USPS could reveal the result just in time for the 1st debate.
Let it sink in!That’s a saving of $170k per truck over 20 years – almost It’s lately been all over the news that Trump is undermining the United States Postal Service as much as possible before the presidential election in which mail-in votes will play a pivotal role. It all seems to line up perfectly.
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