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@jonathanjohnson
Jonathan
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Lordstown Motors files for Chapter 11 bankruptcy
"They have an incredible vehicle." — Trump in 2020

• Went public via SPAC
• Said it would produce hundreds of thousands of vehicles
• Touted by Trump as the savior of Lordstown, Ohio (a former GM plat)
• Ran into production issues
• So far has only a handful of trucks
• Sold its northeast Ohio factory to Foxconn in November 2021
• Market cap has fallen to $28 million from a peak of $5 billion in February 202

• Went public via SPAC
• Said it would produce hundreds of thousands of vehicles
• Touted by Trump as the savior of Lordstown, Ohio (a former GM plat)
• Ran into production issues
• So far has only a handful of trucks
• Sold its northeast Ohio factory to Foxconn in November 2021
• Market cap has fallen to $28 million from a peak of $5 billion in February 202

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The S&P 493 is up 1% YTD
Meta, Amazon, Apple, Microsoft, Google, Tesla, and Nvidia account for pretty much all of the S&P 500's gains.

If these giants falter in the back half of the year... will the rest of the S&P 500 pick up the slack?

Source: Leo on Twitter

post media

The gains this year are not spread evenly.

Source: Leo's handle is @growthvalue on Twitter
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