A version of Lordstown Motors' electric Endurance Beta pickup, modified to race in Baja California, Mexico, in April 2021.Lordstown Motors, an Ohio-based electric truck maker, is the latest startup targeted by short seller Hindenburg Research which
“Despite claims that Lordstown will be producing vehicles by September, a former employee explained how the company is experiencing delays and making `drastic’ design modifications, putting them an estimated 3-4 years away from production,” Hindenburg said. “Despite claims that battery packs would be manufactured in-house, we were told that the equipment is months away from arriving, let alone being put into a production environment.
The shares fell $2.93 to $14.78 at the close of Nasdaq trading on Friday, the lowest since Nov. 2, 2020.
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Iooks like HindenburgRes needs some HindenburgRes into its operational motives, or at least some SEC_Investor_Ed investigation for market manipulation. silversqueeze GME Tesla
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Huh
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