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The Latest Breaking News from Lordstown Motors

Broken EV Dreams: Lordstown's Bankruptcy And $10M Investor Settlement

Lordstown Motors Corp (OTC:RIDEQ), now Nu Ride (OTC:NRDE), burst onto the scene in 2020 promising a revolutionary electric truck and raking in over $675 million from investors. The company aggressively marketed the Endurance, its first EV truck, as a competitor to established automakers, sending the stock soaring. However, this house…

Benzinga

Industrial Policy Is Alive and Well at the Democratic National Convention

Speakers at the 2024 convention bragged about the Democratic Party's willingness to give public money to private companies.

Reason

EV startup reaches the end of the road in bankruptcy case

Lordstown Motors contends with bankruptcy and securities regulators.

The Street

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Nikola Stock 2025 Forecast: Will NKLA Go Bankrupt, or Become a Multibagger?

Nikola stock trades at a fraction of its 2020 highs, and has been in a freefall. Here's the 2025 forecast for the stock, and a look at whether the company risks going bankrupt, like so many other startup companies in the EV space.

Barchart

The Government Is Better at Picking Losers Than Winners

It's taxpayers who lose when politicians give gifts, grants, and loans to private companies.

Reason

As the Stock Hits New Lows, How Long Can Lucid Motors Survive?

With Lucid Motors stock falling to one new low after the other, many investors now wonder whether the company can stay in business. However, Lucid might not go bankrupt - at least, not for the next couple of years.

Barchart

Bankrupt Lordstown Motors Founder Buys Remaining Company Assets

In June 2023, Lordstown Motors filed for chapter 11 bankruptcy. However, it may see a second lease on life.

InsideEVs

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Fisker Says Pear Manufacturing Deal With Foxconn Not Yet Finalized

Fisker is already taking pre-orders for the Pear, which is priced at $29,900 before incentives and tax rebates – $22,400 after the US federal tax credit.

InsideEVs

Nikola: Where is This Volatile EV Stock Headed?

Nikola stock has jumped five-fold from its 2023 lows amid short covering and some positive developments. Should you buy or sell the stock now?

Barchart

In America’s ‘Voltage Valley’, hopes of car-making revival turn sour

EV manufacturer Lordstown Motors, lauded by Trump in 2020, has gone bankrupt – what now for the once-proud auto-making region?

The Guardian - US

Lordstown Motors To Be Delisted From Nasdaq After Firm Filed For Bankruptcy Protection‌

‌Trading of the company’s class A common stock will be suspended starting July 7.‌

Zenger

Lordstown Motors Files For Bankruptcy After Dispute With Foxconn

EV maker starts sale process for Endurance pickup truck and related assets

Zenger

Stock Market Today: Dow Snaps Losing Streak on Strong Economic Data

The blue chip index notched its first win in seven sessions even as Walgreens Boots Alliance spiraled.

Kiplinger

Ohio E.V. Manufacturer Fails Despite Millions in Taxpayer Subsidies

Lordstown Motors received $24.5 million to operate an Ohio factory. G.M., the factory's previous owner, received $60 million before shuttering it.

Reason

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Investors Business Daily

Lucid Stock Rally, Lordstown Slide Show This Is Key For EV Startups

Lucid Group (LCID) and Lordstown Motors (RIDE) continued to make big moves off low bases Thursday in a busy week for EV stocks of startup companies. Saudi Arabia's Public Investment Fund (PIF), Lucid's majority shareholder, plowed $1.8 billion more into Lucid shares, a filing revealed Tuesday. That news came a…

The Street

Tesla Rival Goes Bankrupt

Lordstown Motors filed for Chapter 11 bankruptcy and put itself up for sale because it lacked the funding for a scalable vehicle-development platform.

The Guardian - US

Electric truck maker lauded by Trump as saving Ohio town files for bankruptcy

Lordstown Motors puts itself up for sale after unresolved dispute over promised investment from Taiwan company

The Street

Lordstown Stock Collapses After Chapter 11 Bankruptcy Filing, Foxconn Suit

"Despite our best efforts, Foxconn willfully and repeatedly failed to execute on the agreed-upon strategy, leaving us with Chapter 11 as the only viable option," said CEO Ed Hightower.

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The Street

Stocks Nudge Higher, Nvidia AI Deal, Walgreens Boots Earnings, Eli Lilly Obesity Drug, Lordstown Bankruptcy - 5 Things To Know

Stock nudge higher on China stimulus hints; Nvidia shares gain on Snowflake AI partnership; Walgreens Boots Q3 earnings on deck; Eli Lilly jumps after solid data from 'Triple G' obesity treatment and Lordstown files for bankruptcy, sues Taiwan's Foxconn.

InsideEVs

Lordstown Motors Files For Bankruptcy, Sues Foxconn For “Bad Faith”

Under the Chapter 11 restructuring process, the Ohio-based EV maker is looking to sell the Endurance vehicle and related assets.

InsideEVs

Lordstown Founder And Ex-CEO Cashes Out Remaining Stake In EV Startup

Lordstown founder and ex-CEO Stephen Burns has sold his remaining shares in the EV startup amidst its ongoing financial struggles.

Investors Business Daily

Dow Ends Lower As Richmond Fed Chief Warns Against This; Virgin Galactic Fades

The Dow Jones wavered late Friday. Virgin Galactic surged on its commercial space flight plans; EV startups rallied on a possible short squeeze.

InsideEVs

Lordstown Motors Considering Suing Foxconn Over Funding Issues

Lordstown Motors, the EV startup that developed the Endurance all-electric pickup, plans to take legal action against investor Foxconn to ensure that the Taiwanese firm completes its planned purchase of nearly 10 percent of the EV maker’s shares.

InsideEVs

2023 Lordstown Endurance: EPA Range Rating Reveals Terrible Efficiency

The 2023 Lordstown Endurance is equipped with a 109-kWh battery, but it disappoints in terms of energy efficiency, which significantly affects the EPA range.

The Street

A Tesla Rival Is in Big Trouble

Lordstown Motors just announced a reverse stock split, to avert delisting from the Nasdaq and to persuade its main investor not to abandon the company.

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