Lordstown Motors CEO, Steve burns gave a very strange interview to CNBC. According to Steve Burns himself, the Lordstown Motors Endurance truck has only gone through 20,000 miles of road testing. He also mentioned the motors for the truck being based on scooter motors and mainly he cliamed that he never said he had binding pre orders or sales, which got Jim Cramer to say some really horrible things about him. I think this is the end of the Lordstown Motors Stock and the company as well, but let's wait and see how it plays out.
Please note that as with ANY post or video I make this is NOT financial advice and strictly my opinion and may be totally wrong. Do your own research please.
Note that past performance is not a guarantee of future results. Don't assume an investment will continue to do well in the future simply because it's done well in the past.
I currently DO NOT hold a position in Lordstown Motors or Workhorse, long or short. I do not plan to open a long neither position in the future.
This is strictly my opinion, so do your own research and make up your own mind. This is not financial advice, just entertainment, so be careful!
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Please note that as with ANY post or video I make this is NOT financial advice and strictly my opinion and may be totally wrong. Do your own research please.
Note that past performance is not a guarantee of future results. Don't assume an investment will continue to do well in the future simply because it's done well in the past.
I currently DO NOT hold a position in Lordstown Motors or Workhorse, long or short. I do not plan to open a long neither position in the future.
This is strictly my opinion, so do your own research and make up your own mind. This is not financial advice, just entertainment, so be careful!
👏👏👏 Big shout out to our growing list of Patreons. For those of you want (and can) support our channel, here is how you can help: https://www.patreon.com/user?u=13016082
Looks like you were right. RIP Lordstown.
I’m not so sure. Yesterday was a big day for Lordstown. They didn’t finish the race but they produced a vehicle which showed progress for investors. I think this play has shown new potential.
Another American Scam! If this was a Chinese EV like NIO or Xpeng, it would have been delisted already. Where are the build buy American MAGA crowd now?
Lol Burns with a hardhat acting like they are doing something! What a joke! don’t get fooled! Stay with Tesla!
Everyone who invested in them knew they where nonbinding preorders . No serious investor thought it was binding we always knew it was nonbinding . Also there factory alone is worth 3 Billion not to mention what's in the factory add another billion Lordstown is also backed by GM this would be a wonderful opportunity for them to boost there stake in Lordstown motor which they share parts with. GM could easily up there stake and own 50% of them and workhorse owns 10% . Lordstown Motor Endurance will be on the road in jan 1 2022 and be selling a full year before ford or gm gets a electric pickup truck on the road
People at the plant have told me it’s all FAKE. No REAL work is going on. How can this continue?????
love watching these videos criticizing lordstown when today they released their first betas which is the step before production within a couple of days of when the ceo said they would start getting released
Yet another sheep Youtuber 🤦♂️. You have no idea what's coming to you if you're a short to $RIDE. this company is beyond legit; just released betas today.
Check out Lordstown Motors YouTube channel, video of the first two Beta trucks just released.
Hyliion is next, bet on it.
Carbon fiber hard hat is so sick i just want the price to go down to $10 please so I can grab 10k more shares. All that matters is the prototype is built on schedule and the truck is gonna be released around the same time as the dual motor Tesla cyber truck that truck owners on record say they hate. That plus the $7500 tax credit is gonna make this truck flyyy also look at the other EV Hindenburg went after except the disasterous nkla claim. The second peak is a few weeks away and this stock moved fast. Hope u make an update vid and shout me out when it does exactly this.
preorders are preorders, your the fools for thinking they were binding, no one ever said they were binding. lordstown is the closest to production. how are you hating on a company with a 2 bil market cap with 700 mil on the balance sheet, 6.2 mil sq foot facility. your arguments are i don't like his hat. these preorders aren't real orders. an electric vehicle caught fire in testing, so did teslas. nikola has nothing and their market cap is 2.5 times bigger without any of the assets. you guys talking about share prices are clowns, don't even understand what equates to a companies value. i dare you to buy 1 share. see what kind of a gain you could have gotten between now and the end of the year.
Pathetic pile on rehash report. Preorders are not binding here as they are not on the Tesla Cybertruck.
This is a biased video. Let's see how things go with the beta, operational testing, production and sales before we call this company a failure. This company could end up doing well. This video is a biased short seller video.
RIDE is not NKLA. RIDE is strong. Let's get the beta out this month. Let's get successful operational testing of the betas. Let's get production in September. Let's sell some electric full size trucks sold to fleets.
What a weak a$$ hit piece. Binding or not, I believe him when he says very serious orders. No worries here.
Lolz anyone that’s bashing about Lordstown are retarded. Yes, Steve burn could have answer the question better, but that didn’t change any fundamental about the company. The only people that should be crying now are the people that fall for this hit job by Hindenburg 😂
Ride Captain Ride! $50 by next year!
"I just want to give a huge shout out to my friends at Lordstown and Nikola" LMAFAOO my man be clowning
Mr Burns looks like he would have issues putting together a Lego car. People seem to think that building cars is easy. Just think how long the majors have been doing it and many of them cant make money. 99% EV companies will be broke in 5-10y
Moron
I picked some up as a fun contrarian gamble, but the fucking spotless hardhat and safety jacket were the end for me. What a cartoon.
You seem like to not discuss anything regarding to production that’s currently taking place
Tesla's Model S also caught on fire for the record so not much to read into there. But Steve Burns is an absolute moron.
Never invest in a company that advertises to investors on Facebook
Lmao 😂