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Shorts are beating this stock like a red haired stepchild.
https://www.asiantechpress.com/taiwans-foxconn-to-launch-two-new-cars-in-october-continue-globalization-of-ev-business.html
“In addition, the Endurance electric pickup truck, jointly developed by the company and electric vehicle startup Lordstown Motors Corp. in the U.S., will be in mass production in the third quarter of this year at the earliest.”
As long as LMC is on target ( which I believe this time they are with Foxconn ) then these trucks should hit the streets soon. 5 billion market cap is not a pipe dream but the reality of things that can happen here by 3rd quarter of 2022. IMO
What I would really like to see is the is The Bengals win the Super Bowl and here comes a brand new Black Endurance for Joe Burrow at the end of the game !
It should start to moon again soon .IMO
This stock looks like it wants to moon again .
It’s a fake account.
I want to say that the average of the following holding from Vanguard and Blackrock is over $10.00 PPS !
“There are presently around $120 million, or 27.20% of RIDE stock, in the hands of institutional investors. The top three institutional holders of RIDE stocks are: VANGUARD GROUP INC with ownership of 9,788,848, which is approximately -2.828% of the company’s market cap and around 15.30% of the total institutional ownership; BLACKROCK INC., holding 7,485,877 shares of the stock with an approximate value of $18.34 million in RIDE stocks shares; and INVESCO LTD., currently with $10.67 million in RIDE stock with ownership of nearly 18.712% of the company’s market capitalization.”
Almost but no cigar my friend
They are negotiating. Something should pass sometime this year .IMO
All this is being investigated by the SEC and DOJ. Something should be resolved in the next 90 days. These cases take around 9 months to 15 months to solve . NiKOLA motors took about 12 months I believe.
It’s good to see the CEO of Foxconn speaking up on behalf of LMC.I believe LMC is under a gag order right now and need to keep hush -hush. All in my opinion
Nice move !
Foxconn already bought at $6.89. In February 2022 there is another 50 million coming in for LMC. I don’t know how the 50 million will be distributed. Buying stock maybe ?
“Among other representation, her notable work in 2020 includes guiding LMC through the process of transforming from a start-up to a publicly traded company with a $4.8 billion market cap.”
Partner Melissa Leonard received an honorable mention in Mergers & Acquisitions’ 2021 “Top 25 Most Influential Women in Mid-Market M&A. https://www.bakerlaw.com/news/melissa-leonard-earns-honorable-mention-among-most-influential-women-in-mid-market-ma
Good video ! Thanks
I can’t believe how Wallstreet just wiped out about 80 billion dollars off the market cap here. Some hedge funds made out like a king shorting this. Some of you knew this was way overpriced but the investors that get caught up holding the bag is the small retail investors.
I don’t know what to make of this sale if it was for tax purposes or just a sale at all time lows ?
https://businessjournaldaily.com/lordstown-motors-director-unloads-stock/
I don’t know what to say about the PPS but Robinette will go down as the worse president in US history. IMO
HOMOLOGATION - CEO Dan Ninnivaggy said this .
Thanks for the new tweet. Nice to see the big boys visiting LMC.
It looks like they are on target with the testing and validation for the first part of Q1 with 10 trucks in site . I wonder how many are inside that he could not see?
Key word : Real Potential for sales. In God We Trust .
I hope to say that in about a couple of months from now that the shares are cheap . The reality is that LMC has not validated and approved the Endurance truck by the NHTSA . Once this happens then it can go to mass production by Q3. It’s still a lotto ticket but the odds are better with Foxconn than without them.
I don’t really understand Jack Cheng tweet but from what I can see is the Endurance can now go 0-60mph in less than 3 seconds ?
34046 shares valued at today’s PPS of $3.22 = $109.600
Happy New Year 2022 to Bulls and Bears ! I hope you all make money in 2022. Bears all you have to do is cover !
I’m jealous but hey I wish you the best here . My average is in the low $5’s . Over 5000 shares
Soon it will be bear hunting season .
It’s the end of the year + manipulation + small caps stocks are taking a beating. Under $6.00 a share is a buy here considering and any lower it becomes a strong buy . IMO
FCE stock has lost 50% value in one month. If earnings beat then you most likely see a 40% surge. It seems the bad news is baked in now. I’m being a bit greedy and looking for entry at $5.50 and under . IMO
This stock was $20 ten years ago . It seems that it will retrace again soon to $15.00
3 out of the last 4 earnings call FCE missed guidance . Wednesday could be ugly.
CEO Ninnivaggy on twitter had an I-phone on wheels. LMC just announced an expert Melissa Leonard in acquisition and mergers lawyer as VP . It Maybe they just in talks now with Apple but it’s a wild guess. 2-3 billion for Apple is a drop in the bucket. IMO
Citadel is making money on the way down and buying long shares .
https://stocktwits.com/Crazy_Dave_and_Friends/message/419162879
9. Lordstown Motors Corp. (NASDAQ:RIDE)
Number of Hedge Fund Holders: 12
In the third quarter, billionaire Ken Griffin’s Citadel Investment Group was one of the largest stakeholders of Lordstown Motors Corp. (NASDAQ:RIDE), increasing its stake in the company by 87%, holding 1.34 million shares worth $10.71 million. Overall, 12 hedge funds tracked by Insider Monkey in Q3 were bullish on Lordstown Motors Corp. (NASDAQ:RIDE), with total stakes amounting to $25.92 million.
A $75 million investment in Lordstown Motors Corp. (NASDAQ:RIDE), an American EV automaker, by General Motors Company (NYSE:GM) afforded the company a seat on Lordstown Motors Corp. (NASDAQ:RIDE)’s board, and Lordstown Motors Corp. (NASDAQ:RIDE) became a key supply chain partner of General Motors Company (NYSE:GM). With the backing of General Motors Company (NYSE:GM), Lordstown Motors Corp. (NASDAQ:RIDE) is looking to compete with EV industry leaders like Nikola Corporation (NASDAQ:NKLA), Rivian Automotive, Inc. (NASDAQ:RIVN), and Tesla, Inc. (NASDAQ:TSLA).
The main EV offering of Lordstown Motors Corp. (NASDAQ:RIDE) to date is Endurance, an electric pickup truck, which the company plans to launch by April 2022. In October, Lordstown Motors Corp. (NASDAQ:RIDE) announced that Foxconn Technology Group would become the official assembler of the Endurance EV, and this will allow Lordstown Motors Corp. (NASDAQ:RIDE) quicker time to market.
On November 12, R.F. Lafferty analyst Jamie Perez upgraded Lordstown Motors Corp. (NASDAQ:RIDE) to Hold from Sell with a price target of $7, up from $3. The analyst expects that the Endurance EV will get to production under the company's new outsourcing model with Foxconn.
Lordstown Motors Corp. (NASDAQ:RIDE), on November 11, reported its Q3 results. The company announced a loss per share of $0.55, beating estimates by $0.03.
I found this post on stocktwits: referring to Apple
RIDE
They need the brand, the licensing
agreements, and the EV skateboard
platform that Steve Burns and his
team developed. They need the hub
motor license agreement, which is
exclusive to Lordstown Motors. They
need a facility to manufacture in that
isn't years out. They need an
immediate workforce, familiar with
the industry and job requirements.
These needs all lie neatly in Ohio, and
for pennies on the dollar compared to
the SF Bay Area, where Apple is
headquartered. Buy the brand,
rename the brand, make it their own.
An Apple truck similar to the
Endurance is probably worth 25%
more? That's an extra $15-$20k per
unit just for the Apple name? The
name goes a long way. The EV
skateboard is the main attraction for
anyone/everyone. It's the new must
have technology, and the reason Ford
wanted Rivian, GM initially invested in
Lordstown Motors, why Fisker initially
committed to VW, etc, etc, etc.
Skateboard, skateboard, Skateboard
+
I found it ..
https://www.wfmj.com/story/43693339/endurance-doesnt-finish-lmc-says-desert-race-provides-insights
“Everything we did and experienced in Mexico has provided us with valuable insights into how the Endurance’s technology performed and responded to the demanding and treacherous conditions,” according to the statement. “We are stopping here and taking our incredible learnings back to Lordstown
How long ago was the Endurance tested in Baja ? LMC just took a trip to Death Valley hauling some trailer ( according to their twitter account) and took photos of the altitude of some 5,000 feet . It seems LMC is working out the kinks .