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This will pop back to $1.50 over night in next week or so when an announcement is made about production back on line.
Bahawahawa!!!!!
40 trucks…
BWAHAHAHA!!!
12,000 cars. Versus 19. 12,000 cars recalled…but 12,000 cars produced…and counting.
Listen to the CC. 40 manufactured and 6 sold in last 3 months.
Do your DD!
3 trucks x 3 months is 9. Where you get 12
They made 40 trucks over 3 years. They wreck most for testing. Read the news, production rate is 3
Sorry guys, I expect if you don’t buy in the 0.80’s you are going to miss a golden opportunity waiting for 0.50!
3 trucks a month, as you propose, would be 12 trucks over last three months.
BUT WE KNOW LORDSTOWN MADE 40 TRUCKS.
If you can’t get truck numbers correct why should we believe anything else you say?
A few questions :
Why is everyone saying Foxconn has an effect on stock price here? And talking about their production? Has no relation to RIDE. They can make a millions tractors, means nothing here
It’s like saying Apple stock it going to rise because Foxconn got a new contract with Sharp TVs
LMC has a terrible history as with a record of making bad decisions, to boot making only 3 trucks a month on a good end
With the amount of overhead Foxconn has with the massive plant, no money coming in. as with headquarters in Taiwan. Can Foxconn let this plant bleed massive amounts of money for the next five years?
Sure being the largest electronics manufacturer,China is going to pressure them very soon. Or they could be target in a military mission
Should be worried for RIDE has they have no one else to make this over engineered truck if Foxconn runs into issues
This Dynasty is paying close attention as Hightower explained in
the recent video. Replacing the connectivity brushes and
components with the improved connectors and all the logistics
involved with the process was and is a good business decision
to nip it in the bud going forward.
The dynasty being created through the Lordstown/Foxconn partnership
agreement is out of this world to say the least. Hightower
video explained what's really going on. No Fear Here.
Multiple EV's currently in production including the C and Monarch Tractor.
Investors like myself, are not in a full panic. The Foxconn marriage is
a lifetime commitment. Like Foxconn said, the Endurance is 1 out of the next 100.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171407425
What the heck do you mean they will not tolerate failure?! Their track record of investing into the United States manufacturing is pretty poor so far.
“the eighth wonder of the world”
And he should be in jail. If there was any semblance of ethical guidelines to our laws, he would be in jail until he made whole every single investor he mislead with his fraudulent statements.
A similar thing happened to Rivian (RIVN), back in October of 2022 (about 5 months ago)
There's an article published a few days after the recall was announced entitled 'Rivian Recalls Basically Every Vehicle It Has Ever Made'.
Here's the link:
Article link
Even though they (Rivian - RIVN) recalled more than 12,000 cars, Rivian stock is currently trading at about $14.50 per share, for a total market cap of more than $13 billion dollars. If Lordstown Motors (RIDE) was trading at a similar market cap, the common shares would be valued at about $62 per share. Obviously Lordstown Motors is at a much earlier stage of their development, and therefore worth far less than Rivian's $13 billion valuation. But i do believe that RIDE is worth far more than .the current .84 per share.
I believe that once Lordstown Motors irons out the serious kinks, the share price will be significantly higher. As always, simply my opinion.
RIDE
----------------------------------------------------------------------------------------------------------------
"On Friday evening (10/07/22), Rivian Automotive announced a
recall on nearly every single vehicle it has produced so far.
According to documentation filed with the Nation Transportation and Highway Safety Administration, “The fastener connecting the front upper control arm and steering knuckle may have been improperly tightened … A loose steering knuckle fastener could separate, causing a loss of vehicle control and increasing the risk of a crash.”
The recall affects 12,212 total vehicles spanning the R1S, R1T and delivery van platforms. In layman's terms, the car’s suspension system has a loose bolt that can make the ride harsher or even result in a loss of steering control for the driver."
BWAHAHAHA!!!
Pay no attention to the recalled trucks behind the curtain.
Right on WWolf This is big and that video is telling much more than is realized.
Notice how the video wraps it's arms around the Endurance right to the end.
The Endurance is the first with the MIH platform and Foxconn partnership
with hundreds more to follow world wide as the video explains. The MIH
partnership aggreement testifies that LMC is the North America segment
where everything travels through LMC with the partnership and Foxconn
represents the rest of the world where they control the synergies between
which ever country others join. LMC controls North Amercan region for
governmental purposes, rules and regulations. LMC is the engineering
brain box where Foxconn needs LMC as much as LMC needs Foxconn. It's
a win win for all that is involved and around the world also with parts, supplies
and components of any sort which will minimize cost of production for all.
This is where the rubber meets the road. Expansion at a grand scale where
main street is keeping it hidden, right in front of us. Foxconn is now investing
700mn in India not just for phones like the media is playing off but most
importantly an EV hub for everything needed for EV manufacturing.
This is bigger than most suspect. Foxconn has a reputation of saying less
and producing more. In this case, much more.
If you can watch the video one more time keeping that in mind and the fact
that Foxconn owns 100% of the preferred and 18% of the common for a
reason. We are all in a good place to be.
You are welcome ! At this point it’s very difficult to say because they are running out of money to even build 2,500 trucks and Hightower has not had any good news unless there is something in the works but first they have to solve the issues at hand and get mass production going if not then just hand the keys to Foxconn and possibly have the Endurance mass produce or toss in the burner since they have a truck and possibly make money on the hub motors
Thanks OPKOHEALTH….
$6.90 is kinda what I remember, I appreciate the confirmation.
Again, IMHO this falls on upper management, FOXCONN will not tolerate failure, it’s not in their model!
Hightower will either be a hero or a zero, looking bleak at this point!
Not only Steve Burns sold in the $1.80 and also sold in the $5’s 4’s and $3’s and he is a free man enjoying his millions . I guess the SEC did not find anything or is the SEC afraid to come out and LMC loses another 30% Market cap to under $.50 . .$.25 is very possible now.
Yes for $6.89 and Steve Burns sold in the $1.80 area and I was thinking that he would regret it but he was laughing all the way to the bank with over 20 million dollars in his pocket the last 12 months. All long shareholder are in the poor house .
I would like to know from anyone where FOXCONN first stepped in as far as PPS… I remember somewhere in the $6.00 range????
Is this accurate ?
Thanks in advance
I’ll buy this when it hits the pink sheets. Then Foxconn will buy them out
@SavingGrace
Thanks for the video, alas until major announcements take place and they can truly show orders, this is not going over $1.50 Sad but true! Management has failed to deliver, that’s 100% honesty. Do you disagree?
What’s FOXCONNS stock entry point with RIDE? $6.00 ish? Until they reach that stage I am sadly in this frame of mind.
I am open to hear more but that’s my vantage point- ??
Wish everyone the best,
WW
MIH Explained | LMX News: Update on Lordstown Motors Quality Issue, MIH Model X Preview #mxux #lmx
Nice buy at bottom of the barrel! Now we wait for an update in 2-3 weeks.
Thanks, that was funny!
I got my buy order in
Probably breaking new bottom today.
Maybe, I will load again if so
Halted ! Not the stock but production . $.60 target
Looks like more coal coming our way!
Ninivaggi and Hightower have done a spectacular job for Lordstown with all of these shows, haven’t they?
What a couple of flubber buddies.
They need to produce a truck, shows are worthless. Until they start producing, this will go nowhere. I hope they get it figured out, an American company in the heartland, we should all be pulling for them.
Lordstown Motors Exhibiting at NTEA Work Truck Week March 7-10
Go Back
Mar 8, 2023
https://investor.lordstownmotors.com/news-releases/news-release-details/lordstown-motors-exhibiting-ntea-work-truck-week-march-7-10
LORDSTOWN, Ohio, March 08, 2023 (GLOBE NEWSWIRE) -- Lordstown Motors Corp. (Nasdaq: RIDE), an original equipment manufacturer of electric light duty vehicles focused on the commercial fleet market, will be in Booth #6009 at the March 7-10 Work Truck Week in Indianapolis.
The EV innovator is bringing the Lordstown Endurance™ full size all-electric pickup onsite at the Work Truck Week show at the Indiana Convention Center. The Lordstown Endurance™ began commercial production at the Foxconn EV Ohio assembly plant in Q3 2022 with initial sales in Q4 2022.
In addition to the Lordstown Motors Corp. booth #6009, the Endurance™ will also be displayed in two additional areas: Booth #801 with JB Poindexter/LEER Group and Booth #1243 with ECCO, where the Endurance™ will be shown equipped with truck accessories, customized for various vocations for commercial fleet markets.
“The Lordstown Endurance is the only all-electric pickup solely for commercial fleets, designed to optimize critical vehicle capabilities of traction and maneuverability, safety and value,” said Edward T. Hightower, CEO and President, Lordstown Motors.
Work Truck Week is North America’s largest work truck event. Produced annually by NTEA – The Association for the Work Truck Industry, it includes Work Truck Show exhibits, education and training, Green Truck Summit, and networking.
About Lordstown Motors Corp.
Lordstown Motors is an electric vehicle (EV) OEM developing innovative light duty commercial fleet vehicles, with the Endurance all electric pickup truck as its first vehicle and being launched in the Foxconn EV plant in Lordstown, Ohio. Lordstown Motors has engineering, research and development facilities in Farmington Hills, Michigan and Irvine, California. For additional information visit www.lordstownmotors.com.
About NTEA
Established in 1964, NTEA – The Association for the Work Truck Industry, a 501(c)(6) organization, represents more than 2,000 companies that manufacture, distribute, install, sell and repair commercial trucks, truck bodies, truck equipment, trailers and accessories. Buyers of work trucks and the major commercial truck chassis manufacturers also belong to NTEA. The Association provides in-depth technical information, education, and member programs and services, and produces Work Truck Week and Green Truck Summit. The Association maintains its administrative headquarters in suburban Detroit and government relations offices in Washington, DC, and Ottawa, Ontario, Canada.
I expect to see 0.80’s tomorrow padre.
Only lickers are the ones who purchased at $2.40 like yourself!
I think the he said the announcement would be about production coming back online.
Hightower said, exciting updates coming within three weeks, about the platform and partnerships.
Rebounding to $10.00 ? Lol how about rebounding back to $1.50 -$2.00. Ninivaggi toss the ball to Hightower and I wonder when Hightower is going to toss the ball to someone else ? Where is this company’s integrity?
You and I are more alike than either of us will ever know! Original investor of the SPAC that brought Lordstown public. They made a LOT of promises, and broke them all. It was a SPAC, so I sold out early anyway. I still watched it. I had no idea it was still around.
Things to watch out for, litigation, prepaid royalty, accelerated stock compensation, asset sale proceeds, preferred stock, personnel and consulting costs, including $52 million purchased by Foxconn, cash at the end of the year $221.7mm, anticipated cash at the end of the first quarter 2023... 3 months later $150-170mm. They will tell you before they do it and once it is done. That is why they get to keep your money and not go to prison. Fact of life.
This does not even begin to scratch the surface. "They", the company Lordstown is telling you "they" have sold out. "They" are protecting their interest... not yours.
I do not believe you are a sell out. "They" are.
Just havin fun here, as always. Read into what you want, I hold NO Position in RIDE, sold at $24 Jan of 2021.
Need a moderator on another page. I am to cheap to by a subscription. I believe you have Heart and the best of intentions. If you have the time, check it out.
If shorts manage to get this down into the 0.80’s again, I’ll scoop up another 50,000 shares.
I see no discrepancy anywhere with FOXCONN being the contract manufacturer.
You’re apparently not going to get an answer on Monarch revenue accruing to RIDE. Why? Because it would ruin the narrative RIDE has created…the narrative that RIDE “investors” are so happy to believe blindly. I’ve come to call it “apparent success by association”.
Unless and until RIDE “investors” correct me with FACTS that can be substantiated, I’m going to say that the revenue is minimal…almost but not quite zero.
Why don’t you email or call the company and ask them.
would be nice for someone to actually describe what they think the contract with Foxconn means in terms of responsibilities.
Just read the transcript and everything about the supply chain etc is about "Our team". that could mean us and Foxconn together or it could be exclusively Lordstown.
Elsewhere Lordstown still owns some of the equipment used in manufacturing
so it looks like Lordstown will do all the forecasting, then place supply chain orders for the parts, write off excess parts not used, and the Foxconn pay some workers to build the vehicles, deal with the unions , pay for the factory and the energy used.
Not my definition of contract manufacturing which would mean "here Foxconn go make 100 Endurance for us delivery by June 30th. "
As for MIH revenues any one have any idea what these could be for Monarch tractors or any new vehicle.
That’s not my take from the conference call at all.
Nu Ride's new five-person board is expected to appoint William Gallagher, managing director of M3 Partners — a transaction advisory firm in New York — as Nu Ride's president and CEO, according to the regulatory filing.
Gallagher faced a situation similar to Nu Ride as CEO at WMIH Corp., the public acquisition corporation that succeeded Washington Mutual Inc. — the parent of WaMu Bank in Seattle that was seized by federal thrift regulators in fall 2008. By January 2015, the shell company left over from the failure of Washington Mutual had raised close to $600 million to pursue acquisitions of financial companies that could benefit from its huge, tax-deductible losses, according to a report by the Seattle Times.
Gallagher took over as leader of WMIH in May 2015 "to oversee its acquisition strategy and manage its day-to-day affairs," according to M3 Partners.
He was responsible for "reviewing, vetting and analyzing a large number of potential target companies from a variety of different sectors and industry groups," M3 says.
"Ultimately, WMIH acquired Nationstar Mortgage Holdings to form Mr. Cooper Group," M3 says. Gallagher departed from WMIH after closing the Nationstar acquisition in July 2018.
Bill Gallagher has more than 35 years of experience in finance, investment and financial restructurings. He brings deep expertise in credit analysis and has long-term management experience in the financial services industry.
Prior to joining M3, Bill was the Chief Executive Officer at WMIH Corp (NASDAQ:WMIH), a public acquisition corporation which was the successor to Washington Mutual, Inc., from May 2015 to July 2018. Bill was recruited to WMIH to oversee its acquisition strategy and manage its day-to-day affairs. While there, he worked closely with WMIH’s strategic financial partner, Kohlberg Kravis Roberts & Co. At WMIH, Bill’s responsibilities included reviewing, vetting and analyzing a large number of potential target companies from a variety of different sectors and industry groups. Ultimately, WMIH acquired Nationstar Mortgage Holdings (NYSE symbol NSM) to form Mr. Cooper Group (NASDAQ:COOP). Bill departed from WMIH upon the closing of the acquisition of Nationstar as his job at WMIH was completed.
Prior to WMIH, Bill was CEO and Chief Risk Officer at Capmark Financial Group, formerly known as GMAC Commercial Mortgage (from March 2009 to May 2015). Bill was retained by Capmark to manage its financial restructuring following the global economic crisis and was responsible for the management of the company’s day-to-day affairs, the restructuring of both the company and its assets (including its $15 billion commercial loan portfolio), its bankruptcy process, and its winding down and distribution of assets to creditors and other stakeholders. Capmark was a highly successful restructuring as Bill and his colleagues significantly increased the recovery value to Capmark’s creditors.
Before joining Capmark, Bill was the Chief Credit Officer of RBS Greenwich Capital, the US fixed income investment banking business of the Royal Bank of Scotland, where he was responsible for all aspects of credit risk management. While at RBS Greenwich, Bill was responsible for a wide variety of US corporations and buy-side companies, including corporate borrowers and debt issuers, financial institutions, industrial companies with captive finance businesses, and a variety of US corporations who traded various securities with or through RBS Greenwich.
Earlier in his career, Bill was a Vice President at First Boston Corporation in that firm’s credit risk management department. At First Boston, Bill was responsible for managing credit risk to a wide variety of corporate issuers and financial institutions. Bill began his career at Chemical Bank, where he completed the bank’s credit training program and then worked as a loan officer in the middle market division and a credit officer in the financial institutions division.
Bill has a B.S. in business administration from Syracuse University and an MBA from New York University.
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