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. Workhorse has won some orders for its electric truck, but investors had bid the stock up by nearly 100% in the last six months on hopes that the company would secure a massive order to replace more than 150,000 Post Office delivery trucks over the next decade.