The Latest Breaking News from Lordstown

Lordstown Motors Corp (NASDAQ: RIDE) shares are trading lower by 19.7% at $2.58 after the company reported fourth-quarter earnings results and said it expects commercial production and sales of the Endurance of approximately 500 units in 2022 growing to as many as 2,500 units in 2023.

Lucid earnings missed and the startup cut 2022 output guidance. Lucid stock sank.

Lordstown Motors Corp (NASDAQ:RIDE) reported a fourth-quarter FY21 loss per share of $(0.42), beating the consensus of $(0.73). The total operating expenses rose 120.7% Y/Y to $84.6 million. The operating loss incurred for the quarter was $(84.66) million versus $(38.35) million last year. The company held $244 million in cash and equivalents…

The past month has been a rough one for some of the electric vehicle startups that went public by merging with special purpose acquisition companies, or SPACs. Lordstown Motors, Canoo and Electric Last Mile Solutions all have seen key personnel leave, and all three are under investigation by the U.S.…