NU Ride Inc (NRDE)

[jaybiscuit]

RIDE: "cratered" stock.."severe cash problem"...plus a lousy review from Road and Track[color=red][/color]

Lordstown Motors (NASDAQ:RIDE) is another EV stock that attracted the bulls in 2021. However, its stock cratered last year, shedding over 50% of its value amidst incredibly challenging market conditions.

Lordstown Motors is facing a grim future as the company recently started deliveries of its flagship Endurance truck. A lousy review from Road and Track Magazine in November only exacerbated its troubles, casting further doubt on the long-term viability of Endurance. Perhaps even more concerning is Lordstown’s severe cash problem, which will hurt them even more once it ramps up production.