Tag: Lordstown Motors Corp

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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Lordstown stock plummets after electric-truck company warns about financial position

Lordstown Motors Corp. shares dropped more than 20% late Tuesday after the electric-vehicle company warned investors about its ability to continue functioning financially. In delayed quarterly and annual filings with the Securities and Exchange Commission that were made public Tuesday, Lordstown RIDE, -16.27% added a “going-concern” warning, which informs investors that it may not be […]

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Cramer’s week ahead: Big week of earnings with Snowflake and Toll Brothers reporting

CNBC’s Jim Cramer is eager to begin focusing back on the stock market, but the cryptocurrency craze is still capturing Wall Street’s attention. He expects that bitcoin and other speculative coins will continue to be top of mind, and the big declines being witnessed in crypto markets will drag on stocks. This could create buying […]

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Electric vehicle firm Lucid Motors to go public in $11.8 billion blank-check merger

The Lucid Air sedan, which is expected to go into production next year at a plant being constructed in Arizona. Lucid Electric vehicle firm Lucid Motors plans to go public at an $11.75 billion combined equity valuation and $24 billion pro-forma equity value through a reverse merger with a blank-check company started by veteran investment […]

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EV start-up Rivian raises $2.65 billion in new funding round led by T. Rowe Price

Rivian R1S electric SUV Source: Rivian Rivian, the electric vehicle start-up backed by Amazon and Ford Motor, on Tuesday said it closed on a $2.65 billion investment round led by T. Rowe Price funds as the company moves closer to production of an all-electric pickup and SUV. The company has raised about $8 billion since […]

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