Lordstown motors stock

Lordstown Motors Corp. The firm develops its flagship vehicle, the Endurance, an electric full-size pickup truck. The company was founded on November 13, lordstown motors stock, and is headquartered in Lordstown, OH. This browser is no longer supported at MarketWatch.

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Lordstown motors stock

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The Securities and Exchange Commission has charged bankrupt Lordstown Motors with misleading investors about the sales prospects of its Endurance electric pickup truck. Lordstown is still in the process of Chapter 11 bankruptcy. Steve Burns recently purchased the majority of the assets related to the Endurance and is using it to promote a new startup called LandX. The facts and the truth are supposed to matter. This is not the way our system is supposed to work. According to the SEC, Lordstown and its founder Steve Burns not only misrepresented how many preorders it had for the Endurance, but also lied about having access to all the parts required to build the truck.

Lordstown motors stock

The soap opera that is Lordstown Motors is taking yet another unusual turn. Burns founded the company in and brought it public through a merger with a special purpose acquisition company in Lordstown manufactured and sold a few dozen trucks that were involved in two safety recalls. Its hope to carve out a piece of the commercial work truck space never materialized, especially in the face of competition from legacy automakers like Ford and even GM. He began selling his shares as soon as a lockup expired.

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Lordstown just agreed on Aug. This is important because if we can determine the value of Lordstown Motors, we can see the value of the Workhorse stake.

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