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2 mins read
Lordstown Motors extends decline to 33% as the electric-vehicle maker warns it may go out of business
"Our current level of cash and cash equivalents are not sufficient to fund commercial scale product…
Carla Mozée
1 min read
Embattled EV startup Lordstown Motors warns it may not have enough cash to start commercial production
Lordstown Motors raised $675 million by going public through a reverse merger in late 2020 that val…
Tim Levin
2 mins read
Lordstown Motors jumps as the struggling EV maker is reportedly nearing a deal to sell Ohio factory to Foxconn
The pact would allow Foxconn and Lordstown Motors to work in parallel at the factory, according to …
Natasha Dailey
2 mins read
Lordstown Motors rises after the company's president says the EV maker is raising additional funds and reconfirming vehicle orders
Lordstown Motors president Rich Schmidt says the company is focusing on its Endurance Truck, raisin…
Will Daniel
1 min read
MacroMavens' Stephanie Pomboy sounds the alarm on corporate bankruptcies, warning it could herald financial catastrophe
Many expert "still fail to connect the dots" on corporate bankruptcies, Pomboy said. "If they did, …
Joseph Wilkins
1 min read
Lordstown Motors now says it does not have 'binding' orders, reversing a statement by its president
Lordstown President Rich Schmidt previously said purchase agreements for its Endurance pickup truck…
Dominick Reuter
5 mins read
A 2017 lawsuit shows how electric car startup Lordstown paid outside workers to gin up 10,000 pre-orders per year
The questionable practice underscores that using pre-orders as a proxy for sales may not be the bes…
Grace Kay
2 mins read
'Blank check' company DiamondPeak soars 29% after inking deal to acquire electric vehicle maker Lordstown Motors
The deal extends a hot streak for SPACs in 2020, which was the method used to bring public other EV…
Matthew Fox
2 mins read
GM warned Trump that his China tariffs would hurt jobs. He now complains that it's happening.
GM said its Lordstown Assembly plant in Warren, Ohio, would be "unallocated" by the end of 2019. Th…
Callum Burroughs
2 mins read
Embattled EV startup Fisker files for bankruptcy
EV startup Fisker said it was filing for bankruptcy after months of warning it could go out of busi…
Grace Kay,Tom Carter
11 mins read
Inside the downfall of Henrik Fisker's second automotive startup, which just filed for bankruptcy
Business Insider spoke with 27 current and former Fisker staff who charted the startup's downfall.
Grace Kay
1 min read
US stocks slip as investors await key inflation data
US stocks slipped at the close after nearing record highs. Bitcoin rose as El Salvador became the f…
Emily Graffeo
2 mins read
Two new ETFs will be purely exposed to post-SPAC public companies - and one of them is going short
"You can decide how you want to play it, from the long side or the short side," said the CEO of Tut…
Natasha Dailey
2 mins read
There were no new SPAC debuts last week for the first time since March 2020, as signs point to the end of the blank-check craze
Bespoke Investment Group said 20 names in the SPAK ETF have lost roughly 50% since mid-February, wi…
Carla Mozée
3 mins read
The electric vehicle SPAC boom is likely to continue as over $2.5 trillion is needed to make a full transition to EVs, BofA says
"The auto industry is reaching an inflection point for electric vehicles, but funding this revoluti…
Emily Graffeo
2 mins read
Nio tumbles 14% after renowned short-seller Citron Research makes a bearish call citing increased Tesla competition
Whether the electric-car maker can hold on to its gains set in 2020 is likely to hinge on execution…
Matthew Fox
2 mins read
Trump attacks GM, say they 'better damn well open a new plant' in Ohio after the automaker announces layoffs, factory shutdowns
In addition to the Ohio changes, GM will also cease production at plants in Michigan and Ontario, C…
Bob Bryan
3 mins read
Trump had an extensive list of meetings and events the week prior to testing positive for COVID-19
White House adviser Stephen Miller, campaign adviser Jason Miller, Jared Kushner, Dan Scavino, and …
Sarah Al-Arshani,John Haltiwa…
2 mins read
10 things you need to know before the opening bell
American DJ CHRISTOPHER COMSTOCK, aka MARSHMELLO performs at the 2019 iHeartRadio FanFest during Ca…
Jonathan Garber
2 mins read
'You can't make this stuff up': Bernie Sanders, Democrats blast Trump's decision to back down on sanctions against Chinese tech giant
Rep. Adam Schiff, the top Democrat on the House Intelligence Committee, also expressed concerns ove…