Last year I started following the journey of Workhorse after it was featured in a Jalopnik article back when they were talking about buying one of GM’s plants. At that point their stock (WKHS) was in the trash, hovering at the $1.50 mark. I started keeping track of the price and any news about them. Well, that was a mistake, because the market reacts very quickly to news that analysts find out well before I do. In June this happened:
It skyrocketed from $2.63 to a maximum of almost $23, and has now settled around $15. The same happened to Chinese EV maker NIO in July:
Hey, I’m still kinda new to the whole investment thing so I’m taking this on the chin.
Let’s turn our attention to Aston Martin, which has 3 different stock symbols but I’ll focus on Aston Martin Lagonda Global Holdings PLC (AMGDF):
It’s currently a penny stock!! So there might be a decent opportunity to make a few bucks on it unless the company completely folds. My question is: what does the future hold for AM?
- They are building the DBX and we all know how well SUVs are doing, even expensive luxury ones.
- Lawrence Stroll is at the helm and I think that’s a good thing. I can understand the logic in taking a look at F1 landscape and proposing an idea so crazy it just might work: copy the champions. Despite the turmoil it’s caused it really is a brilliant business move.
- Hybridization is on the horizon for many models, with an EV coming much, much later than it should (2025)
Is there a chance AM will cease to exist in a while?