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.

Electric-vehicle company Lordstown Motors Corp said on Tuesday production and deliveries of its Endurance electric pick-up truck resumed this month after a pause in February to address quality issues.

Lordstown Motors resumes production, deliveries after snafu

LORDSTOWN, Ohio, April 18, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), (“Lordstown Motors” or the “Company”), an original equipment manufacturer (“OEM”) of electric light duty vehicles focused on the commercial fleet market, and Amerit Fleet Solutions (“Amerit”), a provider of customized fleet maintenance and repair programs nationwide, announced today that it has entered into an agreement for Amerit to provide service and maintenance to Lordstown's commercial fleet customers.

Lordstown Motors Taps Amerit Fleet Solutions for Service & Warranty as Production Resumes

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Lordstown Motors has dropped into the penny stock world. Its shares trade at $.64.

Lordstown Valuation Collapses

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Why Canoo, Nikola, and Lordstown Motors Are Falling Today

Look at a stock chart for Lordstown Motors (NASDAQ: RIDE ), and it is clear investors have already sent RIDE stock to the market junkyard. However, with its super-low stock price, I can understand why some may have the urge to go contrarian on this floundering electric vehicle maker.

It's the End of the Road for RIDE Stock

Lordstown, the deeply troubled EV startup, recently posted a sharp stock price drop.

Lordstown Drops To $.81

LORDSTOWN, Ohio, March 08, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), an original equipment manufacturer of electric light duty vehicles focused on the commercial fleet market, will be in Booth #6009 at the March 7-10 Work Truck Week in Indianapolis.

Lordstown Motors Exhibiting at NTEA Work Truck Week March 7-10

Lordstown has more cash than expected but not from selling electric trucks. Through February 2023, the company has only sold six Endurance electric pickups.

Why Lordstown Motors Dropped Again Tuesday

Electric vehicle (EV) manufacturer Lordstown Motors (NASDAQ: RIDE ) was mentioned on a number of financial media platforms but not for something positive. Indeed, onlookers might wonder whether there's something fundamentally wrong with Lordstown's electric pickup truck, which is called Endurance.

Lordstown Motors Outlook: Don't Count on a Comeback for RIDE Stock

How can a car company remain in business if it only sells six cars? Lordstown Motors has been able to do so, for now.

Lordstown Only Sold 6 Trucks

Lordstown Motors (LMC) issued its first recall, covering 19 Endurance commercial electric pickup trucks because they can stop running without warning. It plans a second recall to address issues resulting from its brake part supplier failing to source components to specifications.

Is Lordstown Motors giving up on Endurance electric pickup?

Lordstown Motors Corp (NASDAQ:RIDE) has reported a wider fourth-quarter loss as the electric truck developer faced rising production costs to get its Endurance pickup truck on the road.  Releasing Q4 and full-year 2022 results, Lordstown said it began to sell the Endurance late in 4Q, recording sales of three vehicles and approximately $30 million in cost of sales.

Lordstown Motors reports bigger 4Q loss as it gets Endurance pickup on the road

Lordstown Motors Corp. (NASDAQ:RIDE ) Q4 2022 Earnings Conference Call March 6, 2023 8:30 AM ET Company Participants Carter Driscoll - Head, Investor Relations Edward Hightower - President and Chief Executive Officer Adam Kroll - Chief Financial Officer Dan Ninivaggi - Executive Chairman Conference Call Participants Tyler DiMatteo - BTIG Winnie Dong - Deutsche Bank Mark Delaney - Goldman Sachs Operator Good morning. My name is Chris and I will be your conference operator today.

Lordstown Motors Corp. (RIDE) Q4 2022 Earnings Call Transcript

Lordstown Motors (NASDAQ: RIDE) may be the most heavily shorted name in the EV universe, saying something. EV names from Mullen Automotive (NASDAQ: MULN) to Fisker (NASDAQ: FSR) are short 50% or more according to Fintel.io dark-pool data and Lordstown Motors is in the more category.

Is Lordstown Motors Ready To RIDE Higher?

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The electric-vehicles start-up reported a fourth-quarter loss of 45 cents a share from $194,000 in sales. Wall Street was looking for a 32 cent per share loss from roughly $7 million in sales.

Lordstown Motors' Sales Were Dreadful. The Stock Is Rising Anyway.

Shares of Lordstown Motors Corp. RIDE, +5.66% fell 0.9% in premarket trading Monday, after the Ohio-based electric vehicle maker reported a fourth-quarter loss that surprisingly widened but ended the year in a much better cash position than expected. Net losses widened to $102.3 million, or 45 cents a share, from $81.2 million, or 42 cents a share, in the year-ago period.

Lordstown Motors stock falls, after losses surprisingly widen but cash position tops expectations

Lordstown began deliveries of its first EV, the Endurance pickup truck, in November and is working with Foxconn on a new electric vehicle program.

News for Lordstown Motors Stock (RIDE)