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Lordstown Motors Corp. (RIDE)
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$RIDE conversation
This is what will happen next:
1.New CEO hired
2.SEC inquiry finished
3.Gov energy loan approved
4.Production starting in September
5. First 1000 trucks delivered by the end of 2021
6. All shorts bankrupt
$RIDE conversation
Up $0.09 already, I see $100 eoy
$RIDE conversation
What a nice looking chart.
https://imgur.com/a/OTXMlEB
$RIDE conversation
Time to stop buying RIDE and start buying ROPE
$RIDE conversation
@I own puts The SEC investigation is meaningless. That's rear view. The people were fired, it's over.
From the Wall Street Journal article published yesterday:
"Lordstown last year disclosed investigations by the Securities and Exchange Commission and the Justice Department related to its SPAC transaction and its representations of preorders for the Endurance."
Sources: https://www.wsj.com/articles/lordstown-motors-ability-to-stay-in-business-hinges-on-raising-capital-valuation-cfo-says-11652741679?mod=flipboard&tesla=y
https://www.wsj.com/articles/lordstown-motors-says-it-is-cooperating-with-sec-inquiry-remains-on-track-to-start-truck-production-11616017342?mod=article_inline
https://www.wsj.com/articles/electric-truck-startup-lordstown-motors-discloses-justice-department-investigation-11626443066?mod=article_inline
scott4 months agoReplied to a reaction
$RIDE conversation
No kidding right. Not one “base price” model will ever be sold. 70k sounds about right.
$RIDE conversation
i doubt it goes below 9 again
$RIDE conversation
Deal closing with Foxconn next week and we get to $10.00 PPS
$RIDE conversation
$7.77. Not worried a bit!
Love life!
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Folks are finally waking from their $TSLA fantasies. These little thinly-capitalized wannabes with wild value propositions continue to get whacked. The pain is a good thing as markets step back and rationalize the true value of these story stocks. There will be some degree of recovery for a minority of this club, but the peak prices are forever in the rearview mirror.
BTW little squads of shrieking redditors can't fix this, and there is no coming short squeeze. Shorts are rolling around in gainz.
$AYRO -49%
$FUV -46%
$SOLO -30%
$GOEV -47%
$ARVL -80%
$NKLA -53%
$RIDE -54%
$XOS -8% (WOW!)
$FFIE -67%
$WKHS -43%
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FWIW: NASDAQ is down 25% against an EV Sh**Co drop of almost 48%.
Yes: The EV Sh**Co Short ETF has been a booming fund.
💎Good Morning Legends >> MULN << Legends Are Here💎
💎Thursday> MULN < For The Money --*J The Legend !💎
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$RIDE conversation
LORDSTOWN MOTORS IS NOW THE 🍎 OF THE WORLDWIDE GLOBAL EV MARKETS !!! THINK ABOUT THAT FOR A MINUTE !!!
$RIDE conversation
i doubt it goes below 9 again
$RIDE conversation
Back to 2.25 Monday
$RIDE conversation
BYE CEO. BYE CFO. BYE BYE COMPANY
$RIDE conversation
RIDE baby RIDE! Good week incoming. Every day is a day closer to Foxcom deal closing and the Endurance on the road. Investors know what they have and keep buying at these levels. The bashers well they will bash. Look up videos of the truck…. Best EV pickup out there and it’s not close. As many trucks as they can make they will sell.