NU Ride Inc (NRDE)

[Odessa99]

A similar thing happened to Rivian (RIVN), back in October of 2022 (about 5 months ago)
There's an article published a few days after the recall was announced entitled 'Rivian Recalls Basically Every Vehicle It Has Ever Made'.

Here's the link:
Article link

Even though they (Rivian - RIVN) recalled more than 12,000 cars, Rivian stock is currently trading at about $14.50 per share, for a total market cap of more than $13 billion dollars. If Lordstown Motors (RIDE) was trading at a similar market cap, the common shares would be valued at about $62 per share. Obviously Lordstown Motors is at a much earlier stage of their development, and therefore worth far less than Rivian's $13 billion valuation. But i do believe that RIDE is worth far more than .the current .84 per share.

I believe that once Lordstown Motors irons out the serious kinks, the share price will be significantly higher. As always, simply my opinion.

RIDE

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"On Friday evening (10/07/22), Rivian Automotive announced a
recall on nearly every single vehicle it has produced so far.

According to documentation filed with the Nation Transportation and Highway Safety Administration, “The fastener connecting the front upper control arm and steering knuckle may have been improperly tightened … A loose steering knuckle fastener could separate, causing a loss of vehicle control and increasing the risk of a crash.”

The recall affects 12,212 total vehicles spanning the R1S, R1T and delivery van platforms. In layman's terms, the car’s suspension system has a loose bolt that can make the ride harsher or even result in a loss of steering control for the driver."

BWAHAHAHA!!!

Pay no attention to the recalled trucks behind the curtain.