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RIDE - Why Lordstown Motors Stock Surged 32% This Week
Lordstown Motors Corp.
After picking up speed last month, Lordstown Motors (NASDAQ: RIDE) stock accelerated its way into August and rallied a whopping 31.6% at its highest point in trading during the first week, according to data provided by S&P Global Market Intelligence .
The embattled electric vehicle (EV) start-up told investors what they wanted to hear: Its first EV will roll out this year.
Lordstown Motors released its second-quarter earnings report on Aug. 4. Here are two numbers you must know: