News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Foxconn still needs to prove themselves as competition is heating up .Rivian has their own factory but burning cash like crazy and so is Lucid.
went to a 3 bagger then even now..................a fraction of itself
Blackrock buying more!
Agree 100%
Glad I sold here when there was surge in PPS . I was thinking of and entry level at $,60 but I change my mind on this and have an entry for when they declare Bankruptcy for just a swing play This company will not survive unless Foxconn buys them out completely. Foxconn will have to invest about a billion to get this going again but the way I see it Foxconn will buy this for pennies on the dollar. IMO
Lordstown Motors in video, Interview with Chicago Fed concerning demand and tax incentives.
LORDSTOWN MOTORS MIH PROJECT X vs TESLA TAO
Lordstown Motors may be starting the MIH Project X BEV - it has confirmed a MIH based BEV is the next project - if it is the Project X - can it beat/match the TESLA TAO ? Yes it can according to my analysis
Lordstown Motors says it still has $220 million in cash
https://www.cnbc.com/2023/03/06/lordstown-motors-ride-q4-2022-results-deliveries.html
The alliance disclosed the plan at the CES technology show with its partners, including Lordstown Motors, INDI EV and Monarch Tractor, who are exhibiting at the Las Vegas show, which runs through tomorrow.
The hub would enable the alliance’s global supply chain partners to share their expertise and cooperate on electric vehicle and mobility projects, helping to boost innovation and US manufacturing capabilities, MIH Consortium chief executive Jack Cheng (???) said in a statement.
https://www.taipeitimes.com/News/biz/archives/2023/01/07/2003792118
Elaphe motors are found on the wheel of the Aptera Motors Lordstown, Lightyear One and Lordstown Motors Tolerance pickup.
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.
AI
