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Lordstown Jumps on Production Funds, Reconfirmed Orders

Lordstown Jumps on Production Funds, Reconfirmed Orders
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EV maker Lordstown Motors shares sink after CEO, CFO exit

EV maker Lordstown Motors shares sink after CEO, CFO exit
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Lordstown Motors Slumps Most Ever on CEO Exit, Errant Statements

Lordstown Motors Slumps Most Ever on CEO Exit, Errant Statements
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Lordstown Motors Drops After Earnings Stoke Case for Skepticism

May 26 2021, 6:59 AM
May 25 2021, 7:13 PM
May 26 2021, 6:59 AM
(Bloomberg) Lordstown Motors Corp. shares tumbled after the electric-vehicle company cut its full-year production expectations for its Endurance pickup truck and said it will need outside capital.
(Bloomberg) Lordstown Motors Corp. shares tumbled after the electric-vehicle company cut its full-year production expectations for its Endurance pickup truck and said it will need outside capital.
Shares fell 7.4%, trimming some of their earlier losses but leaving the stock down more than 50% this year. The companyâs report prompted analysts at Goldman Sachs and Morgan Stanley to cut their price targets.
Risks have increased in the wake of the companyâs report, according to Goldman Sachs analyst Mark Delaney. He cut Lordstown shares to neutral in April due in part to the additional risks of ramping up production and the increasingly competitive landscape, and both factors are occurring â ....

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EV Maker Lordstown Falls on SEC Look at Short-Seller Claims

EV Maker Lordstown Falls on SEC Look at Short-Seller Claims
Bloomberg
4 days ago
David Welch
© Bloomberg
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. The Trump administration is counting on Lordstown Motors to salvage political capital lost when GM decided to abandon the Ohio plant last year.
(Bloomberg) Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission.
Shares of Lordstown fell as much as 7.2% to $14 before recovering somewhat after the company reported fourth-quarter results. The stock was down 25% this year through the close Wednesday in New York. ....

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