Tag: Lordstown Motors Corp

EV start-up Rivian beats Tesla, GM, Ford as first automaker to produce electric pickup

Rivian R1T electric truck Source: Rivian EV start-up Rivian is the first automaker to bring an electric pickup to the consumer market, beating Tesla, General Motors and others in what’s expected to be a hotly contested segment in the years ahead. Rivian founder and CEO RJ Scaringe on Tuesday tweeted that the company’s first R1T […]

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EV start-up Lordstown Motors’ shares hit 52-week low following brief annual shareholder meeting

The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Lordstown Motors’ stock hit a new 52-week low Thursday, dropping below $5 a share for the first time ever, following an annual shareholder meeting […]

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Stock futures are flat after Dow, S&P close at all-time highs

U.S. stock index futures were flat during overnight trading on Tuesday, after the Dow and S&P 500 closed at record highs following the Senate passing the $1 trillion infrastructure bill. Futures contracts tied to the Dow Jones Industrial Average were slightly higher. S&P 500 futures and Nasdaq 100 futures were flat. During regular trading, the […]

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All of Wall Street’s pandemic weirdness is about to be on display

Wall Street has gotten weird during the COVID-19 pandemic, and all of that weirdness is about to be on full display. Let’s start with meme stocks. Can we interest you in the earnings of AMC Entertainment Holdings Inc. AMC, -2.42% on Monday afternoon? The theater chain’s valuation has exploded from less than $1 billion to […]

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GM confirms third electric pickup truck ahead of Hummer production

2022 GMC Hummer EV sport utility truck “Edition 1” GM DETROIT – General Motors on Monday confirmed it will offer at least three large electric pickup trucks in the coming years, as excitement about the segment continues to grow. The latest to be announced by the Detroit automaker is an electric full-size pickup for its […]

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Lordstown sticking to production timeline but ‘has a long road ahead,’ analyst says

Lordstown Motors Corp. has stuck to its timeline to have its first electric pickup trucks rolling off the factory floor later this year, but the company “has a long road ahead” in terms of competition and communicating a further action plan. That’s from Joseph Spak at RBC Capital, who attended a company event shortly after […]

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Lordstown Motors shares soar after new chairwoman says production plans remain on track

The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Embattled electric truck company Lordstown Motors has enough funding to operate through May 2022 and remains on track to begin limited production of its […]

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Electric truck maker Lordstown warns of going concern risk; shares tank

The Lordstown Motors factory is where GM once operated, in Lordstown, Ohio, on October 16, 2020. Megan Jelinger | AFP | Getty Images U.S. electric truck maker Lordstown Motors said on Tuesday there was “substantial doubt” about its ability to continue as a going concern, sending its shares down 16%. “The company believes that its […]

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