NU Ride Inc (NRDE)

[Watts Watt]

It appears to me that management has wisely chosen to limit production- even prior to this event - exactly to limit losses on start-up production for such recalls as this.

Think about the competitors who are way over extended on production committments who have ALSO suffered recalls, but at a MASSIVE number, compared to a couple of handfuls of recalls for RIDE.

I still have a lot of confidence in RIDE, in the long run, though, for me, such issues as electrical connectivity tells me that Foxconn's Quality Control kinda sucks. Let's hope this was not due to a DESIGN issue, but simply an assembly shortfall that wasn't caught sooner. Some heads should roll on this, but hard to say whether this is a Lordstown issue or Foxconn issue, or both.

It seems, in my opinion, that this is a FOXCONN assembly issue, at final analysis. In such case they will have to foot the bill, and rightly so.