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RIDE - Is Lordstown Motors Stock A Buy Or Sell In 2022?
Lordstown Motors Corp.
Lordstown Motors' shares dropped post-results announcement despite narrower-than-expected losses and a confirmation that its production timeline for the Endurance stays the same as what was guided earlier.
The fall in RIDE's stock price was attributable to concerns about the company's ability to conclude the contract manufacturing deal with Foxconn.
Lordstown Motor is a Sell in 2022, as there is no certainty that it will be able to secure the financing it needs to commence production in Q3 2022.