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The Latest Breaking News from Lordstown Motors Corp

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

US truck startup Lordstown files for bankruptcy after Foxconn deal falls through

Lordstown Motors Corp. shares plummeted after the electric-vehicle maker once hailed by former US President Donald Trump for saving automaking jobs filed for bankruptcy.

Tribune News Service

3 Stocks to Steer Clear From in February 2023

While the Fed’s rate hikes and a slowing economy have kept sales under pressure, rising tensions between the US and China might cause further disruptions in the EV industry. Hence, fundamentally weak stocks NIO (NIO), Nikola (NKLA), and Lordstown Motors (RIDE) might be best avoided now. Keep reading.

StockNews.com

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4 Auto Stocks You Don’t Want to Ride Into 2023 With

Rising interest rates and high prices are hampering auto sales as borrowing costs continue to rise. As the industry could remain in a tough spot next year as well, fundamentally weak stocks, Canoo (GOEV), Lordstown Motors (RIDE), Faraday Future Intelligent Electric (FFIE), and NIO (NIO) might be best avoided. Read…

StockNews.com

1 EV Stock You Don't Want to Ride With

Shares of Lordstown Motors (RIDE) have declined more than 59% year-to-date on concerns over supply chain issues and rising raw material costs. While the company has finally started production, it is crawling and is far behind its 500-vehicle target by the end of this year. Given the rising competition within…

StockNews.com

Lordstown Motors, eBay And 2 Other Stocks Insiders Are Selling

The Nasdaq Composite jumped over 750 points on Thursday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Q3 EV Earnings Need A Charge: Lordstown, Lucid Miss — What About Amazon-Backed Rivian?

Lordstown Motors Corp (NASDAQ:RIDE) and Lucid Group Inc (NASDAQ:LCID) shares are hitting the brakes Wednesday after the EV startups failed to dazzle investors with their quarterly results.

Benzinga

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Lordstown Motors Shares Are All Over The Place After Q3 Earnings: Next Up, Lucid Group

Lordstown Motors Corp (NASDAQ: RIDE) shares were trading higher Tuesday morning after the company announced an expanded partnership with Foxconn.

Benzinga

Tesla's AI Day Announcements, Lordstown, Fisker On Track With Production Plans, Faraday Future Gets A Lifeline And More: Week's Biggest EV Stories

Electric vehicle stocks moved to the downside once again in the week that ended Sept. 30 as economic worries continue to roil the broader market. Lordstown Motors Corp. (NASDAQ: RIDE) and Workhorse Group, Inc.

Benzinga

Mid-Day Market Update: Dow Tumbles 350 Points; AppLovin Shares Jump

U.S. stocks traded lower this morning, with the Dow Jones dropping more than 350 points on Thursday.

Benzinga

Why Lordstown Motors (RIDE) Stock Is Up 22% Today

Lordstown Motors Corp's (NASDAQ: RIDE) stock is trading 21.8% higher at $1.84 in the premarket session on Thursday.

Benzinga

Why Lordstown Motors Shares Are Sliding Today

Lordstown Motors Corp (NASDAQ:RIDE) reported a first-quarter FY22 loss per share of $(0.46), in line with the consensus of $(0.46) and against a loss of $(0.72) last year. The total operating expenses declined 17.3% Y/Y to $87.9 million. The operating loss incurred for the quarter was $(87.88) million versus $(106.21) million last…

Benzinga

Lordstown, Foxconn Postponed Ohio Factory Sale Deadline

Lordstown Motors Corp (NASDAQ:RIDE) agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd (OTC:HNHPF), operating as Foxconn, Bloomberg reports. The struggling EV startup needs to repay Foxconn if the deal does not close by May 14. Foxconn acknowledged that the two sides were still negotiating…

Benzinga

Peering Into Lordstown Motors Corp.'s Recent Short Interest

Lordstown Motors Corp.'s (NASDAQ:RIDE) short percent of float has fallen 4.0% since its last report. The company recently reported that it has 39.42 million shares sold short, which is 25.45% of all regular shares that are available for trading.

Benzinga

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news in one place.

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Benzinga

Why Lordstown Motors Shares Are Falling

Lordstown Motors Corp (NASDAQ: RIDE) shares are trading lower by 19.7% at $2.58 after the company reported fourth-quarter earnings results and said it expects commercial production and sales of the Endurance of approximately 500 units in 2022 growing to as many as 2,500 units in 2023.

Benzinga

Lordstown Motors Stock Slides Post Q4 Results; Reaffirms Q3'22 Target For Endurance Sales

Lordstown Motors Corp (NASDAQ:RIDE) reported a fourth-quarter FY21 loss per share of $(0.42), beating the consensus of $(0.73). The total operating expenses rose 120.7% Y/Y to $84.6 million. The operating loss incurred for the quarter was $(84.66) million versus $(38.35) million last year. The company held $244 million in cash and equivalents…

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