NU Ride Inc (NRDE)

[jaybiscuit]

Lordstown won’t survive—-per this report from Barron’s—lordstown doesn’t make the list of EV startups with a chance to survive. Link below but Quote here:

“ Ford Motor (F) and General Motors (GM) are worth a combined $110 billion.

The only EV start-ups with valuations north of $2 billion now are Lucid, Rivian, Polestar, Fisker, and, of course, Lotus. Those five account for about 95% of all the value in EV start-up stocks.

The five share some common characteristics. They have enough cash to last for a few quarters at least. They are all selling cars now. They also have the capacity to ramp up production. The market doesn't want business plans anymore. It wants to see cars on the road, and an ability to achieve scale production.”

Lordstown CANNOT COMPETE. No liquidity, no capacity, no cars on the road, and Foxconn owns 100% of the preferred stock! RIDE only has a vague and partially failed business plan. Geez, could it get any worse? Stay tuned.

Link: https://www.barrons.com/articles/ev-start-up-stock-spac-51675708372