Lordstown Motors

Lordstown Motors Corp. is an automotive company, which engages in the design and manufacture of light duty electric trucks targeted for sale to fleet customers. The firm develops its flagship vehicle, the Endurance, an electric full-size pickup truck. The company was founded by Stephen S. Burns on November 13, 2018 and is headquartered in Lordstown, OH.

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Nu Ride, Inc. is an automotive company, which engages in the design and manufacture of light duty electric trucks targeted for sale to fleet customers. The firm develops its flagship vehicle, the Endurance, an electric full-size pickup truck. The company was founded on November 13, 2018 and is headquartered in New York, NY.

Source: Postmodern Studio / Shutterstock.com Lordstown Motors (NASDAQ: RIDE ) stock is sliding lower on Thursday even after announcing commercial production of its Endurance pickup truck. Production of the electric vehicles (EVs) has kicked off at the company's plant in Ohio.

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Lordstown said it's on track to build about 50 of its electric Endurance pickups for customers by year-end.

Lordstown Motors begins production of its Endurance electric pickup truck

LORDSTOWN, Ohio , Sept. 29, 2022 /PRNewswire/ -- Lordstown Motors Corp. (Nasdaq: RIDE), ("Lordstown Motors" or the "Company"), an original equipment manufacturer ("OEM") of electric light duty vehicles focused on the commercial fleet market, today announced that it has started commercial production of its Endurance™ full-size pickup truck, and provided a business update.

Lordstown Motors Begins Commercial Production of Endurance™ Pickup Truck

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Lordstown Motors (NASDAQ: RIDE) results came in better than expected as management indicated that deliveries are on track.

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Electric vehicle manufacturer Lordstown Motors (NASDAQ: RIDE ) – which specializes in light-duty vehicles aimed at the commercial fleet market — reported its first quarterly profit, according to Reuters. Further, management provided a business update, including production expectations.

Why Is Lordstown Motors (RIDE) Stock Up Today?

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Lordstown Motors Corp. (NASDAQ:RIDE ) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET Company Participants Carter Driscoll - VP Corporate Development, Capital Markets and IR Dan Ninivaggi - Executive Chairman Edward Hightower - CEO and President Adam Kroll - CFO Conference Call Participants Operator Good day ladies and gentlemen and welcome to the Lordstown Motors Second Quarter 2022 Earnings Call. All lines have been placed in a listen-only mode and the floor will be open for your questions and comment following the presentation.

Lordstown Motors Corp. (RIDE) CEO Edward Hightower on Q2 2022 Results Earnings Call Transcript

Lordstown said production of its Endurance electric pickup will be slow and largely reliant on capital availability.

Lordstown Motors expects limited production and deliveries of electric pickup in 2022

Lordstown Motors Corp. shares RIDE, +13.57% rose 4.8% in premarket trade Thursday, after the company surprised with a small second-quarter profit as it gears up for the launch of its Endurance truck in the coming quarters. The electric truck maker said it had net income of $63,659 in the quarter, or 32 cents a share, after a loss of $108,200, or 61 cents a share, in the year-earlier period.

News for Lordstown Motors Stock (RIDE)