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RIDEW - Why Lordstown Stock Might Fall Even Further
December, 08 2021 04:28 AM
Lordstown Motors Corp. Warrant
Lordstown Motors is a pre-revenue electric vehicle company. It had controversy in the past but is moving forward with a new CEO. Commercial production of the Endurance electric truck is expected to begin in Q3 2022 and scale to ~30,000 trucks in 2023. But that's not nearly enough scale to reach profitability. Their financials suggest they will continue to burn cash for several years. Down more than 80% from highs, the stock still looks overvalued. For further details see:
Why Lordstown Stock Might Fall Even Further
Stock Information
Company Name:
Lordstown Motors Corp. Warrant
Stock Symbol:
RIDEW
Market:
NASDAQ
Website:
lordstownmotors.com
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