Is it just me?
It seems CNBC will almost report daily on Lordstown Motors which is looking to enter the EV market for trucks in the US.
- Lordstown said that it has no firm orders for its vehicles,
- It’s CEO and chief financial officer stepped down (CEO Steve Burns and CFO Julio Rodriguez).
- It is being reported that executives sold large chunks of shares in February ahead of earnings that were much worse than expectations. The stock was trading around $20 per share.
- It has been reported the Endurance truck had caught fire on its first test drive
Not to mention Ford, GM, Tesla – all more established names are putting big bucks into the EV market including trucks.