Rivian seeks IPO that would Make it More Valuable than Ford or GM

[Richard]

^ ummm not for nothing but in Lordstowns own words.

U.S. electric truck maker Lordstown Motors said on Tuesday there was “substantial doubt” about its ability to continue as a going concern in the next year because of problems funding the production of its vehicle, causing its shares to plummet.

https://www.cnbc.com/2021/06/08/elec...ares-tank.html

They lost 75% value of their shares and are losing 125 million per 1/4.

In May, short seller Hindenburg Research claimed the company misled investors, including using “fake” orders to raise capital for its Endurance electric pickup. The short seller also said the pickup was years away from production. Lordstown has maintained it’s on track to start making the vehicle in September.