Article: VIDEO | After Hindenburg Research report, Lordstown Motors set to face investors today

Article - Media, Publications

VIDEO | After Hindenburg Research report, Lordstown Motors set to face investors today

Justin Dennis, 17 March 2021

Lordstown Motors has vowed to refute last week’s scathing short-seller report, which called demand for its Endurance all-electric pickup truck a “mirage” and claimed the company has been misleading investors.

LORDSTOWN — Lordstown Motors Corp. executives are expected to address the company’s investors during their end-of-year financial report this afternoon.

The report comes days after Hindenburg Research, a short-selling stock market research firm, delivered a damaging deep-dive into the Voltage Valley leader, claiming that its investors are being misled; that its all-electric pickup truck the Endurance is actually years away from production, despite executives’ September 2021 target; and that its book of about 100,000 non-binding pre-orders for the vehicle “are largely fictitious and used as a prop to raise capital and confer legitimacy.”

Lordstown Motors on Monday vowed to refute the report “in due time,” and a spokesperson last week promised a “thorough” statement. CEO Steve Burns, addressing reporters during a Monday tour of the plant where dozens of test vehicles are currently being built, reassured the Endurance is on-track.

“Whatever anybody thinks of us in the world, the main thing is we are going to be the first electric pickup truck in the United States, full-size, and that starts in September,” Burns said, as reported by The Business Journal.

Read Full Article

Article: Do Not Consider Workhorse Group if Profits Are Your Thing

Article - Media, Publications

Do Not Consider Workhorse Group if Profits Are Your Thing

Will Ashworth, 02 September 2020

Things are happening on the electric vehicle front and even though Workhorse appears to be a long way from profitability, I can think of plenty of other money-losing businesses people are plowing their hard-earned capital into that don’t have nearly as much potential. If profits are your thing, Workhorse is not your kind of stock. I happen to believe it’s an excellent speculative buy for aggressive investors. Profits be damned.
Continue reading “Article: Do Not Consider Workhorse Group if Profits Are Your Thing”