Tag: RIDE

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 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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