Lordstown Motors Corp. (RIDEQ)
Lordstown Motors Corp. operates in the Auto - Manufacturers industry of the Consumer Cyclical sector, headquartered in Lordstown, OH, US. The stock last traded at $1.71, down 5.26% on the session, giving a market capitalisation of $27.3M. Its beta of 1.33 implies it has historically moved more than the broad market.
Lordstown Motors Corp. focuses on the development, production, and distribution of the Endurance, a full-size electric pickup truck designed exclusively for commercial fleet clients across the United States. The company was established in 2018 and operates from its base in Lordstown, Ohio. A significant event occurred on June 27, 2023, when Lordstown Motors Corp., alongside its associated entities, filed for Chapter 11 bankruptcy, initiating a voluntary reorganization petition in the U.S. Bankruptcy Court for the District of Delaware.
Lordstown Motors Corp. is most often compared with the following Consumer Cyclical names: