- Lordstown Motors' shares dropped post-results announcement despite narrower-than-expected losses and a confirmation that its production timeline for the Endurance stays the same as what was guided earlier.
- The fall in RIDE's stock price was attributable to concerns about the company's ability to conclude the contract manufacturing deal with Foxconn.
- Lordstown Motor is a Sell in 2022, as there is no certainty that it will be able to secure the financing it needs to commence production in Q3 2022.
For further details see:
Is Lordstown Motors Stock A Buy Or Sell In 2022?