Lordstown Motors CEO and CFO Resign

[Jhalkias]

They were doomed as soon as the Lightning was announced

https://www.reuters.com/article/us-lordstown-motors-ceo-idCAKCN2DQ0WN

Sponsored

 

[xtraman122]

Ouch. They were probably banking on being bought up by someone soon and it just hasn’t happened yet.

I’ve been most interested in following Atlis. I really liked the look of the XT and for a while thought I’d be getting one of those instead of my F-150, but they’re a little too far away from production still and that thing is just too big for me. Seems like it’ll be the size of an F-250 which just isn’t practical for me. I’ll be very interested if they can meet any of their claimed goals though. 500 miles in a truck that size for the prices they’re talking just seems too good to be true.

 

[Sgt Beavis]

They were doomed as soon as the Lightning was announced

https://www.reuters.com/article/us-lordstown-motors-ceo-idCAKCN2DQ0WN

No, they were doomed much much sooner than that. They were only slightly less scammy than Nikola.

I wonder how many millions they got out of local, state, and federal governments. Not to mention the money from investors.

 

[ChasingCoral]

I hear the orchestra warming up and the large female opera singer is just off stage.

 

[xtraman122]

I hear the orchestra warming up and the large female opera singer is just off stage.

Yeah they'll do something still. I doubt they'll just close up shop. They'll just be circling the drain like Nikola waiting for someone to buy them out at a now discounted rate. Might not be a great company, but they obviously have a lot of R&D invested in what they've done so far and must have a decent amount of IP some other big manufacturer that's a little behind the trend may be interested in.

 

[F150ROD]

GM to the rescue

 

[TheOne]

GM to the rescue

GM might swoop in and buy up there technology but the won't save them. One less competitor in the fast grown EV truck market.

 

[Silenze]

GM to the rescue

The Chinese will buy them

Sponsored