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.

Lordstown Motors Corp (NASDAQ: RIDE) is looking to sell its trucks directly to customers in Ohio, the Associated Press reported Wednesday.  What Happened: The state's lawmakers are due to introduce legislation that would allow Lordstown Motors to forego selling its vehicles through auto dealerships, which is a requirement under the current rules, according to AP.

Lordstown Motors Seeks To Make Direct Sales In Ohio

LORDSTOWN, Ohio, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, has entered the Endurance Beta skateboard in the 2021 SCORE International San Felipe 250, part of the SCORE World Desert Championship race series. The 290-mile single loop race will start and finish in San Felipe, Baja California, Mexico on April 17, 2021.

Lordstown Motors To Race Endurance Electric Pickup Truck Skateboard in San Felipe 250 Race in Baja California on April 17

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Lordstown is targeting commercial fleet customers with its Endurance pickup truck. The company aims to start production later this this year in September.

Lordstown Motors: Let Me On This Ride

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Recent announcements indicate a sharp bump up in pre-orders and may encourage analyst upgrades. More could be factored in with President Biden's plans to replace the government's fleet.

Lordstown Motors Corp. Has Improved Sales Visibility

Orders are coming in for the company's planned electric pickup, and more business could be on the way.

Why Lordstown Motors Stock Charged Higher in January

LORDSTOWN, Ohio, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, has announced another round of commercial, operational and strategic development updates as it remains on track to begin production of the Lordstown Endurance, which is anticipated to be the world's first mass produced full-size all-electric pickup truck, this year.

Lordstown Motors Releases Business Updates; Prepares Ohio Factory to Begin Building Betas Next Month

The stock price of Lordstown Motors Corp (NASDAQ: RIDE) increased by 13.96% on January 26. This is why it happened.

RIDE Stock Price Increased By 13.96%: Why It Happened

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After receiving over 100,000 preorders for its full-size Endurance pickup, Lordstown Motors Corp. (NASDAQ: RIDE) is looking to up its capacity for vehicle production. Lordstown is in talks with the U.S. Energy Department looking for government loans, according to Reuters.

Report: Lordstown Motors In Talks For US Loan To Retool Factory For EV Trucks

LORDSTOWN, Ohio, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), a leader in electric light duty trucks focused on the commercial fleet market, has accepted an invitation from the United States Department of Energy to start the due diligence process toward securing an Advanced Technology Vehicles Manufacturing Loan (“ATVM Loan”).

Lordstown Motors Corp. Advances to Next Stage in Department of Energy's Advanced Technology Vehicles Manufacturing Loan Program Application

Today the stock price of Lordstown Motors Corp (NASDAQ: RIDE) increased by 23.34% as it went from a previous close of $21.98 to $27.11. This is why it happened.

RIDE Stock Price Increased 23.34%: Why It Happened

There's a lot of interest in Lordstown's electric pickup truck.

Why Lordstown Motors Stock Is Charging Higher Today

Lordstown Motors Corp. (NASDAQ: RIDE) has received 100,000 non-binding production reservations from commercial fleets for its Lordstown Endurance all-electric pickup truck.  "Receiving 100,000 pre-orders from commercial fleets for a truck like the Endurance is unprecedented in automotive history," CEO Steve Burns said in a Monday press release.

Lordstown Motor's Full-Size Endurance Pickup Surpasses 100K Preorders

The pre-orders are coming from commercial fleets, the CEO said.

Lordstown Motors Says It Has Over 100,000 Reservations for Its Electric Pickup

LORDSTOWN, Ohio, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors”), an emerging OEM producing electric light duty trucks focused on the commercial fleet market, has received more than 100,000 non-binding production reservations from commercial fleets for its Lordstown Endurance™ all-electric pickup truck, with an average order size of nearly 600 vehicles per fleet.

Lordstown Motors Surpasses 100,000 Pre-Orders for the Lordstown Endurance, First Full-Size, All-Electric Pickup Truck for Fleets

Momentum turned against the previously red-hot EV stock.

Why Shares of Lordstown Motors Fell in December

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Analyst upgrades and an increase in reported orders are boosting the electric-truck company.

Why Lordstown Motors Stock Rose 14% Today

RIDE stock is driving higher Wednesday following news that Lordstown Motors has received 80,000 preorders for its Endurance truck. The post RIDE Stock: Why Lordstown Motors Shares Are Revving Up Today appeared first on InvestorPlace.

RIDE Stock: Why Lordstown Motors Shares Are Revving Up Today

Lordstown Motors Corp (NASDAQ: RIDE) is less than one year away from starting production of its full-size Endurance pickup, and investors should be buyers of the stock today, according to R.F. Lafferty. The Lordstown Analyst: Jaime Perez initiated coverage of Lordstown Motors with a Buy rating and $35 price target.

News for Lordstown Motors Stock (RIDE)