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This week should be volatile in the market with the inflation data and FED rates . $2.00 soon . IMO
The Endurance truck can handle ice and snow much better than Ford. The independent hub motors allows this. Better handling for sure. This is a bear market and some companies are undervalued now .
$1.33 PPS …… I don’t know who can save this company . It’s worth more if Frost sells this company in parts . It’s the only way this will survive in 2023 . Do you think the PPS will tank to under $1.00 . It seems very close now.
A new low is very possible in the next few weeks close to $1.00 -$1.10 range . And that is if LMC just keeps quiet with no updates . This company is lacking some follow up on their production . I believe Tesla was updating shareholders daily when they first started production as I remember Elon Musk sleeping in the production facility. I also believe Hightower is not spending the night in the production facility .
I’m not betting against Foxconn as they recently became 20% owner of the common stock . How many lifelines do you think Foxconn is going to throw at LMC ? The PPS is having a hard time staying above $1.50 !
A $200 PPS represents about a 20 -30 billion market cap . Lucid,and Polestar market cap is hovering around 13 billion to around 17 billion . Polestar is delivering 100k EVs in 2022. When do you think LMC will be able to deliver 100k trucks ? Seems very far away .
Show me the money ! In this case “ Show me the trucks “ what has really dragged the PPS is the lack of Endurance Truck orders. What happen to those non-binding orders of 100k trucks gone ? LMC needs some binding orders of 10k + trucks soon .
The market has LMC prices for 2500 Endurance trucks delivered by 2nd Q of 2023. LMC NEEDS to get some firm binding orders of 5k or 10k trucks and this is the only way the PPS will surge . All this other publicity of truck of the year and the Ambassador Joe Burrows does help but bottom line is revenue coming in either selling these Endurance trucks or the hub motor by itself . Hopefully Hightower knows what he is doing because if he fails that would be the end of a successful career.
LMC most of the Endurance trucks production supposedly in December 20 + so I gather 5 or 6 trucks a week in December?
How many Endurance trucks has LMC delivered so far to key fleet clients ? And who are these fleets companies that are buying ?
There is no real jail for the wealthy just look at Martha Stewart jail was a special home where she can cook and do her favorite things. The. Same would be for Steve Burns . America does not punish the wealthy for financial burden on others. Sad but true.
I am still waiting to hear from the SEC and Steve Burns . Maybe the SEC does not want to penalize Steve Burns just yet because it may tank the stock under $1.00 . Nikola motors had to pay 125 million and Trevor Milton has already sold over 300 million worth of stock and that seems to be quite a bit of money compared to Steve Burns sold around 40-50 million in LMC stock.
At least Steve Burns did not roll an Endurance truck downhill lol.
So you are saying $RIDE can give. 50x to 100x return ? That would be a PPS of $100 + and market cap of over 15 billion. It’s good to dream of becoming a millionaire overnight.
This should help the PPS get to $2.00 in 2023
That seem like a 2 million dump . Was that Steve Burns selling ?
Why is the PPS at $1.72 now ? I think a bit overpriced with production at 30 trucks in 2022.
With a target of 3,000 Endurance trucks in 2023 compared to Fisker 42,000 + there is no chance to be over $3 or maybe $2 in 2023. LMC is losing money with every truck in production.
“Initial 2023 Fisker Ocean production commenced today at their carbon-neutral plant in Graz, Austria, with most deliveries slated for next year as production gradually ramps from 300 in Q1 of 2023 to 8000 in Q2 to more than 42,000 expected by year's end.Nov 18, 2022”
First let’s see IF $RIDE is able to surge pass $1.50 again in 2022.
TESLA Production is 343,000 EV’s worldwide for 2022 . Correct me if I’m wrong ! POLESTAR 50,000 . In 2023 100k and by 2025 290k EV’s. A 50! Billion Market is well deserve by end of 2023 . $45.00 PPS by end of 2023 .
So LMC has enough money for production of the 500 trucks to be delivered in 2Q of 2023
My question here is what happens afterwards?
If LMC gets an order to produce 10K in 2024 and remainder of 2023 they will need close to half a billion to mass produce.
The 170 million new agreement with Foxconn is not for the Endurance but GENERAL purposes ( like to pay for Hightower and Ninnivagy salary .
“Common Stock for general corporate purposes and the proceeds from the sale of the Preferred Stock to fund development and design activities for a new electric vehicle program” ( meaning more money needed for R & D ) to me it does not make any sense to develop another vehicle until they have revenue coming in from the Endurance )
And why did Steve Burns sell under $2.00 ? The only explanation is to pay the SEC for his wrongdoings . If this is not the explanation to sell shares at all time low then it’s an indication of a possible BK .IMO
$1.00 target soon IMO
The MIH is good for Foxconn. Lordstown Motors JV agreement has been dissolved. That is why Foxconn invested another 170 million ( not sure about this figure ) .
I copy and pasted this that I found in Stocktwits
“Adam Kroll Yes. And the joint venture, with standard obagi, is being disbanded. And we kind of think the direct investment in Lordstown is a better, simpler, easier
structure. So I think it's very Favorable. “
How is this favorable if LMC does not have access to the MIH platform?
What am I missing here ?
“Lordstown Motors will use the proceeds from the sale of the Common Stock for general corporate purposes and the proceeds from the sale of the Preferred Stock to fund development and design activities for a new electric vehicle program in collaboration with Foxconn (the “EV Program”). The $100 million direct Preferred Stock investment replaces the joint venture funding previously announced by Foxconn and LMC.”
https://investor.lordstownmotors.com/news-releases/news-release-details/lordstown-motors-and-foxconn-broaden-strategic-partnership/
This blogger from Seeking Alpha has a good article hitting 80% of predictions in the past 3 years in the energy sector. PSNY to $18
https://seekingalpha.com/article/4560565-polestar-automotive-undervalued-strong-growth-momentum
What I really do not understand is what is taking so long to get these certifications. And the other is how are they able to start production without all the necessary certifications. Since Nnnivaggi was CEO LMC has been talking about certifications. Lafferty reiterated a price target of $1.00 . I can see this number printing very soon for RIDE. IMO
$PSNY $10 soon
By the time Foxconn starts production Polestar will be way ahead of the competition. PSNY will mass produce 100K EV’s in 2023 while Foxconn or LMC may have under 5k EV’s delivered in 2023.
I’m afraid the RIDE to under a buck is inevitable before EOY. IMO
The military will have to pay upfront if they want to see any EV’s. LMC has enough cash to barely get by in 2023
I’m not sure what a catalyst that could lift the PPS here but maybe once LMC has all the certifications in line and hopefully can win Truck of the year by beating GM and FORD legacy makers then we can see a surge close to $2-3 but not looking good based on the cash burn the next 8 months with producing 500 trucks and have another model that they are working on only puts more cash needed which LMC does not have. IMO
Good luck ! Polestar 50k EV’s in 2022 . Rivian 25k , LUCID 7k . RIDE 30 trucks . Look at the market cap same as Rivian and Lucid. PSNY is the only EV company besides TESLA that is mass in mass production.
Wallstreet underestimated Polestar by shorting and it’s pay back time. Just go back to June 2022 PPS was at $13.00 . This should be back to double digits soon. IMO
50k Polestars delivered in 2022. This is what I called mass production. 2023 will be a much better year and should be able to reach all time high of $16.00 .IMO
Most likely bankrupt at the current cash burn rate in 6 -12 months. I don’t know how they will survive given the current situation in the market but RIDE can do a reverse split and dilute current shareholders, most likely going under a dollar. 500 trucks to be built in first half of 2023 is a joke. I don’t really understand this last deal seems that the JV is broken between Foxconn is still buying shares to keep the company afloat and Steve Burn selling shares under $2 makes me think this is going to be under $1 for some time.
YABADABADOOOOO !!!!!
well….. i just sold.
Good luck
I thought maybe a surge before end of year to $1.80 but it seems that shorts are wanting to take this down to $1 and possibly under. My next buy is under $1.00 if it gets there. Glad I sold @ $2.04 -20k shares . I just regret buying at $1.58 but only 1.4k shares.
RIDE has gone down with low volume. I expect a SURGE in PPS soon back to $1.80. IMO
This is the only EV that is up last week and now today . 20 billion market cap soon here.
Foxconn is buying this week @ $1.76
The only thing that LMC has going this time is to win truck of the year in 2023 and hope to have a buy out from a big player for about one billion or possibly1.5 billion ( this would put the PPS around $10 ) and then mass produce the Endurance. It seems that it would take LMC at least another half a billion to start to scale to mass production of 10k trucks and higher. I see why 400 LMC employees are now with Foxconn is flipping most of the bill here, this was they can operate at a minimum but with another EV from LMC will cost them another $500,000 to a billion. A few EV companies are starting to go BK . Look at Mullen who just bought ELMSQ that declared BK after burning over 1 billion dollars.LMC is not just an under dog but more than an under dog or what most people would say a Hail Mary play.