Lordstown Motors

Lordstown Motors Corp. is an automotive company, which engages in the design and manufacture of light duty electric trucks targeted for sale to fleet customers. The firm develops its flagship vehicle, the Endurance, an electric full-size pickup truck. The company was founded by Stephen S. Burns on November 13, 2018 and is headquartered in Lordstown, OH.

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Nu Ride, Inc. is an automotive company, which engages in the design and manufacture of light duty electric trucks targeted for sale to fleet customers. The firm develops its flagship vehicle, the Endurance, an electric full-size pickup truck. The company was founded on November 13, 2018 and is headquartered in New York, NY.

The bull case withers away amid production problems and liquidity issues.

Stay Away From This Electric-Vehicle Stock

Lordstown Motors (NASDAQ: RIDE) stock sank more than 10% today after the company slashed its production guidance for the year and also said that it needed to raise fresh capital. Read more about the cut in production guidance here.

3 other times Lordstown Motors disappointed investors

The start-up slashed the 2021 numbers for its Endurance light-duty pickup and warned investors that it's going to need more cash down the road.

Lordstown Motors Is Tanking. It's About an Electric Truck.

Lordstown Motors Corp (NASDAQ: RIDE) has faced significant challenges being a public company in the first two quarters and needs to seek alternative sources of capital, according to Morgan Stanley. The Lordstown Motors Analyst: Adam Jonas reiterated an Underweight rating for Lordstown Motors, while reducing the price target from $12 to $8.

Why Morgan Stanley Cut Lordstown Motors Price Target

Lordstown Motors Corp. (NASDAQ: RIDE), the electric truck company, posted poor earnings Tuesday, and its shares were crushed.

Will Lordstown Go Out of Business?

AutoZone

Zymergen

Here's a quick look at some earnings reports that were released after markets closed on Monday or before Tuesday's opening bell.

Earnings Hits and Misses: AutoZone, Lordstown Motors, Zymergen

Lordstown is not the only SPAC that is going to see some daylight between its pitch and its performance. But it's a pretty stark reminder that SPAC decks are sales pitches, not promises.

Dogs of Lordstown

After U.S. equity markets closed Monday, Lordstown Motors Corp. (NASDAQ: RIDE) reported its first-quarter financial results.

In EV News: Lordstown Slashes Plans, Tesla's Computing Power and More

Lordstown Motors Corp (NASDAQ: RIDE) investors are dealing with yet another concerning headline that sent the stock lower by around 15% Tuesday morning. RIDE stock is reacting to the downside after the electric pickup truck maker revised its production guidance lower and said it needs to raise additional capital.

Lordstown Motors woes continue after guidance cut, capital raise announcements

RIDE stock is slamming the breaks on even the most bullish investors as the company shares it needs more cash to make trucks. The post RIDE Stock: Why Lordstown Motors Is Crashing and Burning Today appeared first on InvestorPlace.

RIDE Stock: Why Lordstown Motors Is Crashing and Burning Today

Shares of Lordstown Motors Corp. (NASDAQ: RIDE) look weak. They failed to get through the resistance at $11 and have been trending lower since.

Lordstown Motors Shares Slam Into Resistance

Lordstown Motors shares tumbled Tuesday after the company severely cut its annual production guidance and said it needs to raise more money as it aims to start production on its electric pickup truck this year.  The company late Monday said it remains on track to begin producing its Endurance truck in late September, at limited capacity.

Lordstown Motors sinks 18% as the electric vehicle maker cuts production outlook and seeks more funding (RIDE)

Lordstown Motors Corp (NASDAQ: RIDE) is trading significantly lower Tuesday morning after the company reported worse-than-expected earnings results. What Happened: Lordstown Motors on Monday afternoon reported an earnings loss of 72 cents per share, which was much lower than the loss of 16 cents it reported in the same quarter last year.

Why Lordstown Motors Is Falling Sharply Today

The stock price of Lordstown Motors Corp (NASDAQ: RIDE) fell by over 14% pre-market. This is why it happened.

RIDE Stock Price: Over 14% Decrease Pre-Market Explanation

Lordstown Motors Corp. (RIDE) CEO Steve Burns on Q1 2021 Results - Earnings Call Transcript

Lordstown Motors' cash-rich SPAC dreams have turned out to be nothin' more than wishes. The automaker reported Monday a disappointing first-quarter earnings that was a pile-up of red ink-stained negativity.

Lordstown Motors slashes production forecast for its electric pickup

The electric vehicle start-up did say it will begin production on its previously announced timeline.

Lordstown Motors Slashes 2021 Production Plans; Will Need to Raise Capital

Electric vehicle company Lordstown Motors Corp (NASDAQ: RIDE), which completed a SPAC deal in 2020, reported first-quarter financial results after market close Monday. What Happened: Lordstown Motors reported a net loss of $125 million in the quarter.

Lordstown Motors Shares Fall On Lowered Unit Guidance, Need For Capital

The company says it is on track to begin production of its electric pickup trucks in late September.

Lordstown Motors halves the number of vehicles it will make in 2021.

Lordstown CEO Steve Burns said the company has "encountered some challenges" as it prepares to begin production of its electric Endurance pickup in September.

Lordstown Motors' shares tumble after slashing 2021 production plans, says it needs more capital

Lordstown Motors Corp on Monday said 2021 production of its Endurance truck, slated to begin in September, will be half of prior expectations and that the electric vehicle startup needs additional capital to execute its plans, sending shares down 8.3% in after-hours trading.

Lordstown Motors says 2021 production will be half expectations, needs capital

Lordstown Motors Corp. shares dropped more than 5% in after-hours trading Monday after the electric-vehicle startup reported a wider quarterly loss and said it is seeking "additional capital" to fund itself.

Earnings Results: Lordstown Motors posts wider Q1 loss, seeks ‘additional capital' to keep going

LORDSTOWN, Ohio, May 24, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, today released its first quarter 2021 financial results and provided a business outlook.

Lordstown Motors Reports First Quarter 2021 Financial Results

Controversies have sent the stock price of Lordstown Motors crashing back below their SPAC IPO level of ~US$10.00. There are over 3m pickup trucks sold each year in the USA. Lordstown Motors aims to be first to the U.S. electric pickup market and says they have ~100,000 "pre-orders".

Lordstown Motors Is Worth Considering To Buy Cautiously, Despite The Controversy

Tesla

Shares of electric vehicle makers Lordstown Motors Corp. (NASDAQ:RIDE), Tesla, Inc. (NASDAQ:TSLA) and NIO Inc. (NYSE:NIO) have all rallied, but are still below resistance levels. This could put a top on their prices, at least in the short run.

News for Lordstown Motors Stock (RIDE)