Lordstown Slumps After Revealing It Has No Binding Orders By Investing.com
By Dhirendra Tripathi Investing.com -- Lordstown Motors (NASDAQ:RIDE) shares looked set for another rough day in the markets on Thursday after the company disclosed it has no binding purchase orders from customers. The shares plunged more than 7% amid an unending flow of negative news from the company. The company was forced to issue a clarification to the SEC after President Rich Schmidt told journalists Tuesday, “Currently, we have enough orders for production for '21 and '22". Schmidt was speaking at an Automotive Press Association online media event. "Those are firm orders we have for those...
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