Why Workhorse Stock Is Rising

Why Workhorse Stock Is Rising

Workhorse Group Inc WKHS shares are buying and selling increased by 6.97% to $2.22 going into the shut of Friday’s session. Shares of EV-related and clear power automobile shares are buying and selling increased following a rumor suggesting the Public Investment Fund is making ready to purchase out the rest of Lucid Group Inc. The sector can be up following robust earnings from Tesla Inc this week.

Our Benzinga staff on Friday reached out to each the Public Investment Fund and Lucid Group for touch upon the rumors. A Lucid Group spokesman informed Benzinga Friday the automaker doesn’t touch upon rumors or hypothesis.

See Also: Why Tesla Stock Is Popping Off Today

Tesla Earnings Highlights, Recap

Tesla reported fourth-quarter whole automobile manufacturing of 439,701, up some 44% year-over-year. Fourth-quarter deliveries got here in at 405,278, up 31% year-over-year.

Tesla reported fourth-quarter income of $24.32 billion, which was up 37% year-over-year. The income whole beat a Street estimate of $24.16 billion, in accordance with knowledge from Benzinga Pro. 

Tesla reported fourth-quarter adjusted earnings per share of $1.19, which beat a Street estimate of $1.13.

The firm stated the fourth quarter marked the very best income, working revenue and internet revenue in firm historical past…Read More

WKHS has a 52-week excessive of $5.39 and a 52-week low of $1.40.