December 7, 2022

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Why does Lordstown Motors continue to get near daily commentary?

1 min read

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. 

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