RIDE News and Press, Lordstown Motors Corp. From 05/17/23

The 2023 Rev Up report from the Sierra Club's poll on shopping experiences this year revealed that 66% of auto dealers in the United States have no electric vehicles to sell, and 45% claimed they would not sell any under any circumstances. According to the report, 44% of the 66% of auto dealers...

2023-05-17 06:01:28 ET Lordstown Motors ( NASDAQ: RIDE ) stock price plunged to the lowest level on record as bets that the company could go bankrupt jumped. RIDE shares dropped to an all-time low of $0.2533, which was much lower than its all-time high of ~32. Lordstown Motors a...

2023-05-16 11:56:04 ET Selling pressure hit pockets of the electric vehicle sector again on Tuesday as investors continue to digest the recent trips into the quarterly earnings confessional from companies big and small. Notable decliners in late morning trading included ( PEV ) -1...

2023-05-15 08:00:00 ET Summary China is the most important car market, about as big as the US and Europe combined. It is an essential market for several brands. EVs have a 25% market share of new Chinese sales, and, except Tesla, Western manufacturers play almost no role here. ...

2023-05-12 12:17:33 ET InvestorPlace - Stock Market News, Stock Advice & Trading Tips In 2020, a bunch of electric vehicle startups went public in hopes of capitalizing on surging EV interest and becoming the next Tesla ( TSLA ). Three years...

2023-05-11 09:52:07 ET Lordstown Motors ( NASDAQ: RIDE ) disclosed on Thursday that it is at an impasse with discussions with Foxconn ( OTCPK:FXCOF ) on seeingk a resolution regarding terms of an investment agreement. The electric vehicle maker noted Foxconn did not prov...

2023-05-10 06:24:08 ET Summary Global electric car sales for March 2023 were up 28% YoY to 16% share. China sales up 23% YoY to 34% share. Europe up 29% YoY to 23% share. EV market news - EPA proposes auto pollution limits to aggressively boost EV sales. IEA says "nearly one in fi...

2023-05-09 14:24:56 ET Some hiccups in production signaled by both Fisker ( NYSE: FSR ) and Lucid Group ( LCID ) in their respective earnings results pushed many EV startups lower on Tuesday. Lucid ( LCID ) -7.13% led off the drop, marking a double-digit perc...

2023-05-01 14:13:46 ET Summary Strategic partner Foxconn's move to terminate last year's investment agreement is dealing another blow to the ailing company. But even if Lordstown Motors somehow manages to resolve the Foxconn dispute, liquidity and currently available funding sourc...

2023-05-01 11:31:44 ET Lordstown Motors ( NASDAQ: RIDE ) responded further to a letter it received from Foxconn ( OTCPK:FXCOF ) that claimed the electric vehicle maker was in breach of the terms of the investment deal. Lordstown Motors' ( RIDE ) statement: "Foxconn&...