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Lordstown Motors
Continuing with the EV trend, I am a huge fan of Lordstown Motors $RIDE, an electric truck producer out of Ohio. The company went public via the DPHC SPAC at the end of October. I wanted to post earlier today but didn’t have the time due to work. Up 30% today, $RIDE announced that they had over 100,000 preorders of their flagship model pickup truck so far, to begin deliveries around September 2021. Also, they recently announced a partnership with Camping World $CWH in which Camping World would allow $RIDE owners access to their roadside assistance as well as maintenance shops and technicians. Also, they plan on manufacturing the first electric RV together by 2022. With a market cap of only 4.5 billion, I can easily see this doubling by the end of 2021 as green technology continues to appear as the future in the Biden Administration.
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