RIDEW News and Press, Lordstown Motors Corp. Warrant From 05/25/21

The following slide deck was published by Lordstown Motors Corp. in conjunction with their 2021 Q1 earnings call. For further details see: Lordstown Motors Corp. 2021 Q1 - Results - Earnings Call Presentation

The first-quarter earnings shocker raises more questions about the balance sheet and need for capital to boost a thinning liquidity profile. Although there have not been any changes to the SoP timeline, volumes were revised substantially lower, at best 50% of prior expectations. A...

Lordstown Motors Corp. (RIDE) Q1 2021 Results Conference Call May 24, 2021 4:30 PM ET Company Participants Carter Driscoll - Head IR Steve Burns - Founder, CEO & Chairman Rich Schmidt - President Julio Rodriguez - CFO Darren Post - Chief Engineer John Vo - VP of Propulsion Conference Call...

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". ...

Lucid has not fully justified garnering a premium to its PIPE price as other peers trade below SPAC floors, instead leaving more questions to be answered. Implied valuation post-merger sits between $26.5 billion and $29.8 billion, depending on redemptions. Skepticism about the pro...

Global electric car sales for March 2021 were up 173% YoY, reaching 8.2% share. Europe sales rose 169% YoY, reaching 16% share, while China sales rose 244% YoY, reaching 11% share. EV market news - Forecast: Electric vehicle sales will crack 5 million in 2021 reaching 7% share. Joe Bi...

FSR has seen its valuation shrink to just $3.8 billion from $7.9 billion at its peak in early March, providing more attractive long-term multiples. Multiple contraction in the sector relative to the beginning of the year has brought down FSR's projected valuation, but it still could p...

Electric Last Mile is targeting the last mile delivery/utility van space with its Urban Delivery and Utility models, and expects to have a first mover advantage. Last mile delivery vehicles are expected to grow by ~500,000 units by 2025, with high demand from fleet operators creating ...

Global electric car sales for Feb. 2021 up 136% YoY reaching ~4-5% share. Europe sales up 66% YoY reaching 14% share, China sales rose 500% YoY reaching 9% share. EV market news - EU plotting ban on internal combustion engine as of 2025: Industry. UBS increases EV market share forecas...

SPAC RMG Acquisition acquired Romeo Power several months ago. Since then, Romeo Power has announced several partnerships, but no meaningful fundamental progress has been made. Forward returns for Romeo Power are likely to disappoint, and investors should wait until some real progr...