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Lordstown Endurance pickup truck
- Thread starter uujjj2
- Start date
Lordstown Motors is in some trouble. Exactly how much trouble is unclear. The CEO and CFO have been pushed out. Furthermore, the company's initial IPO money (SPAC/PIPE money) isn't really enough to pay for a full ramp. And because they have a much lower valuation than other EV startups, they are going to have to dilute the stock much more to raise funds, or get a government loan like Tesla had to.
The best case scenario is that lean times make Lordstown a leaner, more cost efficient company. The top-tier California-based EV startups have such rich valuations ($30B+ for Lucid, ~$50B for Rivian) that 100x returns are impossible. In the best case scenario, Lordstown could still create 100x returns.
(Everything in California is overpriced, even stock!)
The worst case scenario is that Lordstown runs out of money and shuts down early in the production ramp. Probably the most likely outcome.
Lordstown stock is basically a lottery ticket. Low odds, but if you win the payout will be massive.
The best case scenario is that lean times make Lordstown a leaner, more cost efficient company. The top-tier California-based EV startups have such rich valuations ($30B+ for Lucid, ~$50B for Rivian) that 100x returns are impossible. In the best case scenario, Lordstown could still create 100x returns.
(Everything in California is overpriced, even stock!)
The worst case scenario is that Lordstown runs out of money and shuts down early in the production ramp. Probably the most likely outcome.
Lordstown stock is basically a lottery ticket. Low odds, but if you win the payout will be massive.
The execs and SPAC that funded RIDE already have and will do fine.
Any retail investor that speculates in RIDE will have a roller-coaster ride and that money will insure that the execs and SPAC get their investments and gains made whole.
Any retail investor that speculates in RIDE will have a roller-coaster ride and that money will insure that the execs and SPAC get their investments and gains made whole.
So true. The SPAC team, anyway; engineering execs from the company itself may or may not get anything.
henderrj
Active Member
I really wanted to see this truck make it. It's the hub motors that facinate me. I've read all the unsprung weight arguments and believe there are enough advantages to overcome the problems. Would love to know if I'm right!
Lordstown insiders seems to have strong belief of company tech:
"Chuan Vo, who oversees Lordstown Motors' propulsion division, sold almost all of his equity-99.3%-..."
www.wsj.com
"Chuan Vo, who oversees Lordstown Motors' propulsion division, sold almost all of his equity-99.3%-..."
Lordstown Motors Executives Sold Stock Ahead of Reporting Results and Before Troubles Came to Light
A board special committee of the electric-truck startup concluded the share sales “were made for reasons unrelated to the performance of the company.”
www.wsj.com
RobDickinson
Active Member
There arent any successful ev companies for sell really do I guess GM is trying to buy their way in... wonder if GM salvages the relationships with the people in the companies they invest in...
Always remember to diversify... Don't want to count your turkeys before they hatch. 
finance.yahoo.com
Lordstown president dumped his stock to reportedly expand his turkey hunting farm
It's a gobble gobble of a time in the corporate career of Lordstown Motors President Rich Schmidt.
Lordstown insiders seems to have strong belief of company tech:
"Chuan Vo, who oversees Lordstown Motors' propulsion division, sold almost all of his equity-99.3%-..."
Lordstown Motors Executives Sold Stock Ahead of Reporting Results and Before Troubles Came to Light
A board special committee of the electric-truck startup concluded the share sales “were made for reasons unrelated to the performance of the company.”
Good thing they went public with a SPAC before all of this happened.
finance.yahoo.com
Lordstown stock halted amid reported Justice Department probe
Lordstown Motors Corp. stock was halted at midday Friday, with shares down more than 16%. Earlier Friday, the Wall Street Journal reported that the Justice Department had launched a probe into the company's dealings, citing people called familiar with the matter. Electric-truck maker Lordstown...
RIDE sold their plant to Foxconn.
finance.yahoo.com
It's been a while since we've heard about Foxconn's plant in Wisconsin.
UPDATE 3-Foxconn strikes deal to acquire former Lordstown Ohio plant
Global technology firm Foxconn will buy an assembly plant owned by U.S. electric vehicle startup Lordstown Motors Corp for $230 million and take over production of a new pickup truck, the companies said on Thursday. Under the in-principle agreement, the Taiwanese tech giant, also known as Hon...
It's been a while since we've heard about Foxconn's plant in Wisconsin.
