![]() Workhorse has filed a report with the National Highway Traffic Safety Administration on the need for testing. "We continue to be confident in our ability to be a leading manufacturer of last-mile delivery vehicles over the long term," CEO Rick Dauch said in a statement. The company is expecting to complete testing in the fourth quarter and will offer an update on operating and commercial plans on its coming third-quarter earnings call. We are a technology company focused on providing zero-emission commercial vehicles, including drone-integrated trucks, to the last-mile. Workhorse has delivered just 20 vehicles so far in 2021. The company said its new management team has determined that the vehicles require enhancements to increase payload capacity and that further testing and modifications will be required to certify the vehicle under Federal Motor Vehicle Safety Standards. This is the official YouTube channel for Workhorse. To date, Workhorse has more than 381 vehicles on the road in 21 states but nearly 8,000 backorders, new CEO Rick Dauch said recently. Slid 10% in premarket trade Wednesday, after the Cincinnati-based company said it is suspending delivering of its C-1000 vehicles and recalling 41 it has already delivered. WKHS, -5.27 sank 5.2 toward a 4-year low in morning trading Monday, after the electric vehicle maker reported a narrower-than-expected loss but revenue that fell. Electric vehicle company Workhorse Group Inc.'s shares Workhorse is a technology company focused on providing drone-integrated electric vehicles to the last-mile delivery sector.
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