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Never say never again . …..The whole EV sector market is down in the last 30 -90 days. Look at Canoo GOEV. Fisker FSR and others are all down .I don’t know what Wallstreet is doing but shorts are getting filthy ritch.
In October 2019 NIO was hovering around $1.50 right before production and then surge to $60 in 2020 .An now we have the co-founder Jack Cheng who is the CEO of MIH platform for Foxconn as an advisor. Having Foxconn as a partner in the JV calling the shots with 55/45 partnership LMC is in a good position to succeed. IMO
Let’s RIDE . 10.18.2022
“ Strong belief in the future RIDE back up “
I agree 100%
Work for it .
From Stocktwits:
ClipSave
Bullish
12:28 PM
$RIDE
??Remember this post??
Why we all should be proud as Peacocks for LMC and these idiotic shorters should be ashamed of themselves.
List of EV companies time from start to production.
??4th place- Lucid Motors. Started in 2007. Began production in 2021. Time till production = 14 years.
?? 3rd place - Rivian. Started in 2009. Began production in 2021. Time till production = 12 years
?? 2nd place - Tesla. Started in 2003. Began production in 2009. Time till production = 6 years.
???? 1st place - Lordstown Motors. Started in 2018. Began production in 2022. Time till production = 4 years!
So, all of these bozos who try to disparage LMC are pathetic little idiots, who have no clue about anything. Remember this investors, you are investing in the company who got to production the fastest of any EV company there is.
CONGRATS and be PROUD of being a RIDE investor
Well today is the 1st day of 4Q and LMC is officially in production with the Endurance. Production is not easy just look at Rivian with a high of $170.00 and hit a low of $20.00 in about 8 months ,Wallstreet has obliterated the retail investor with high growth stocks as always . Look at Amazon when they first started losing money for years and look at them now. Tesla started with a few EVs as well. Hightower seems to know what to do with his experience in the auto industry. Like I said these next 6 months is most likely the most crucial time for LMC . IMO
I’m hoping by 2024
I found this on the internet about Tesla :
LMC May take the same path?
• During the first two months of production, Tesla produced a total of three Roadsters PSM/INF005). Production car # 1 (P1) and P2 were built prior to the start of regular series production, which began March 17. 2008 /73)
• By September 10, 2008, Tesla had delivered 27 of the cars to customers. It was also reported that a newer, better transmission had been developed and that production of the car was hoped to reach 20 per week by December 2008, and 40 per week by March
2009 74) Over the next 20 days. however. only three more cars had been delivered to customers, which brought the total to 30 as of September 30, 2008 75)
• By November 19, 2008, more than 70 of the cars had been delivered to customers (76)
• By December 9, 2008, the 100th car had been delivered (7)
• By February 11, 2009, 200 Roadsters had been produced (78)
• By April 2, 2009, 320 Roadsters had been delivered (79)
• In May 2009, Testa issued a safety recall for all 345 of Its Roadsters that were manufactured before April 22, 2009. Tesla sent technicians to customers' homes to tighten the rear, inner hub flange bolts. Tesla told customers that without this adjustment, the driver could
lose control of the car and crash. The problem originated at the Lotus assembly line that built the Roadster and Lotus also recalled some of its own vehicles. Testa reminded customers that millions of cars are recalled every year (80)81)
• By the end of May 2009, the 500th Roadster had been delivered (82)
• Tesla made its first profit ever in July 2009, when it shipped 109 vehicles, the most in a single month at that time. (83)
• By September 15, 2009, 700 Roadsters had been delivered, (84)
• Tesla announced on January 13, 2010, that it had produced its 1.000th Roadster. The company had delivered vehicles to customers in 43 states and 21 countries worldwide (35) In 2009 Tesla began taking orders from customers in Canada, and Canadian deliveries
began in February 2010(86937)
• In January 2010, Tesla began producing its first right-hand-drive Roadsters for the UK and Ireland. The 2010 model-year right-hand-drive Roadster included a suite of unique noise-reduction materials and an upgraded sound system. The Roadster started at £86,950
and cost about 1.5p per mile.
On January 29, 2010, in a Form S-1 filing of its preliminary prospectus with the U.S. Securities and Exchange Commission, the company stated that it would halt production of the Roadster in 2011 and replace it with a new model that would not be introduced until 2013
at the earliest: "..we do not plan to sell our current generation Tesla Roadster after 2011 due to planned tooling changes at a supplier for the Tesla Roadster, and we do not currentty plan to begin selling our next-generation Tesla Roadster until at least one year after
the launch of the Model S, which is not expected to be in production until 2012.. (83)(8930) The Model S was released in June 2012 /91)
On March 16, 2010. Tesla announced that it had "negotiated agreements with key suppliers that will increase total Roadster production by 40 percent and extend sales into 2012* (92) also indicating that it would expand into the Asian and Australian markets by 2011.192)
• On December 2, 2010, Testa had delivered more than 1,400 Roadsters 1891
• On September 28. 2011, Tesla delivered its 100th Roadster in Switzerland (94)
• Production ended in January 2012 and was no longer available for sale the US, afer December 2011 ko
• More than 2.418 units were sold worldwide through September 2012. The remaining cars were avallable for sale only in Europe and Asla!9)/10)
Jack Cheng is the co-founder of NIO . He is the CEO of Foxconn MIH Platform. So we have a winner on our side .
They just did have a comeback. Once I heard Elon Musk saying that anyone can build prototype and a PPV . The real challenge is going into production. LMC has started with 2 production trucks and it may not seem much but it’s still a milestone met. Being a semi -finalist for the truck of the year is another comeback. Time will only tell but in my opinion LMC has 3-6 months to Let it rip or bust.
At least it’s a start and LMC officially has started production. The whole EV sector took another big hit today including Tesla down 7% or 60 billion less their market cap. The question is IF the Endurance wins truck of the year they will have a good chance to succeed along with more funding.
Official filling of production.https://quantisnow.com/insight/3469997
Official filling of production.https://quantisnow.com/i/3469997?utm_source=stocktwits
Thanks for the news. It seems that Lordstown Motors has not officially released any news about production https://www.lordstownmotors.com/pages/news
Good Video to watch on Foxconn MIH and LMC
Why is this tanking so much ? It should be going up when the market tanks . What am I missing or is this manipulation?
Speculating.
I have to agree with you 100% there. CFO Daniel Ninivaggi said “driving the Endurance truck is like driving a sport car “
A recession is inevitable. The issue is how bad of a recession.according to some experts is going to get uglier before it gets better . Be frugal
Good video ! Thanks for sharing.
That is only your opinion when you say “ of course they will “ .
It’s now a matter of time before an announcement of the certification by the NHTSA of the Endurance.Also a production vehicle needs to be driven by the jurors of the 3 finalist truck of the year. So soon we will find out how LMC does. I expect a big surge in the next 30 -45 days once this is announced . IMO
Has anyone thought what would happen to the PPS if the Endurance wins Truck of the year ?
Foxconn is not going to let LMC go Bankrupt, there is no way after they have invested this much time and money and now being nominated in the top 3 for Truck of the year. And yes I expect the PPS to go back to $9.00 sometime in 2023 . LMC CEO Hightower reiterated delivery in the auto show of the Endurance truck in 4Q . Sometime between October and December of 2022. IMO
The same time last year RIDE surge to $8.89 on the Foxconn deal announcement. Today $1.87 . Maybe in 2023 this can go back to $9
The Endurance truck being in the semifinals top 3 has put LMC in a better position . I expect Ford to win with the lightning and possibly coming in 2nd. I don’t believe any of these jurors have driven in vehicles with a hub motors the handling should be superior to Ford and GM . I know LMC has taking a long time to get the Endurance in the market but when you look at other EV’s LMC has taking about 4 years and this last year has been the tweaking of the Endurance getting it ready to the public. After all LMC does not want any recalls and once these trucks are in the hands of some key buyers the word will get around and then the real orders will start to come in. My estimate is in 6 months from now should be interesting.
“ An actual win in the North American Truck of the Year category would be shocking.”
I hope that CEO Hightower has some good news in the next couple of weeks. There are no trucks with Hub Motors . The Endurance truck should get the best handling overall for a truck . I am not surprised if LMC gets bought out after production announcement from LMC by a competitor . I saw that Foxconn in their presentation said that a truck start production but they did not say the Endurance truck started production in July but we all know that Foxconn has not built any other trucks . Most likely LMC has started production and they are waiting to burn the shorts with a better planned PR. IMO
See you under $1.00 soon
“We are proud to be a part of this amazing journey with our client Lordstown Motors. Being a semifinalist for the 2023 North American Truck of the Year award is a distinguishable honor to witness. Just goes to show that everything is worth it when you #WorkForIt”
The Endurance Truck in the semi finalists. I hope the Endurance is in the finalist list . This could be a surprising catalyst for the PPS.
Wow the Endurance Truck is running for an award of the top 3 trucks .very impressive!
It’s just a matter of time this stock should start to pick up some steam . Production announcement is imminent. I expect some news sometime this month on production with updates. LMC just tweeted after almost one month being silent.
I just added some more shares at $1.91 …..trading kind of stuck between $1.90 and $1.91. I don’t like it because normally there is breakout either to the downside or upside. We will soon find out .
People, news, media keep saying suicide and no one saw the CFO jumping off the building and just on the floor without a wallet. How about the bears pushed him out the window ? The bears are the murderers .
Why jump off and not pushed ?
In September 2021 the PPS was in the $6.00 area and high of $8.89 . Being at $2.00 and one full year has passed with Foxconn JV controls 55% so they are in control. $6.00 soon again. IMO
PPS. should start to move up once LMC has a PR on the official delivery of Endurance to their first fleet customers.
Gaps filled . Added under $2.00