I need one of those side by sides to get around my property. I wish someone made an electric version. I wouldn’t put more than five or six miles on it in any one day. Electric would be perfect.
20th Century Motors Ping!........................
Unless severely coerced,most consumers will not buy or rely on electric vehicles. Why? 1) Limited range 2) Doubtful all weather reliability 3) Inordinate amount of down time during recharging 4) Rapid depreciation and poor resale value.5) Hugely expensive
I thought that news would make the stock price increase.
Any news seems to make stock prices go higher.
The news, which sent Lordstown shares down about 20% in midday trading Wednesday...
Cause saying you are going under really helps the
stock price...
shocking! it was a
****show from day one.
Has the CFO looked into possible getting into cocaine smuggling to raise extra cash?
unlike “century motors” , lordstown was a total scam at every level from day one, run by a guy who was run out of his previous scam company:
https://hindenburgresearch.com/lordstown/
Disclaimer: I own some Lordstown Motors stock, symbol RIDE.
This company is heavily shorted and so far attempts to force the price down have included lawsuits, a “dossier” of sorts written by attorneys and now this release of info.
Unlike other EV startups Lordstown has no debt and enough cash on hand to end 2021 with an estimated $60 million in cash. Other EV makers are deeply in debt already.
They have the backing of GM who sold them their large Ohio facility for pennies on the dollar and for shares of stock. GM said they are in the process of building a battery plant right next to Lordstown. Ohio’s government is firmly in their corner. The guy running it has lots of industry experience.
Betas have been built and are now in safety and crash tests.
The “story” about running out of money WITHOUT AN ADDITIONAL INFUSION OF CASH is not new. New cash could come from many sources; loans from Ohio or the US Feds, loans from GM or (the least likely) new shares of stock.
I think this story is meant to depress the stock price.
The democrats will bail them out with taxpayer money. CNN is saying look over here.
OHIO PING!
Please let me know if you want on or off the Ohio Ping list.
Electric truck startup Lordstown Motors warns it may go out of business [Ohio]
CNN Business ^ | 11:44 AM ET, Wed June 9, 2021 | Chris Isidore
Trial balloon to Elon.