ARVL - Lordstown Motors Is Worth Considering To Buy Cautiously Despite The Controversy
- Controversies have sent the stock price of Lordstown Motors crashing back below their SPAC IPO level of ~US$10.00.
- There are over 3m pickup trucks sold each year in the USA. Lordstown Motors aims to be first to the U.S. electric pickup market and says they have ~100,000 "pre-orders".
- Lordstown Motors looks to be very well valued if they can execute their plans, especially with the Sept. 2021 production of Endurance. Risks remain elevated.
- Analysts' consensus price target is US$21.33, representing 123% upside.
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Lordstown Motors Is Worth Considering To Buy Cautiously, Despite The Controversy