Lordstown Motors Faked Orders for Electric Pickup

From	JAB <here@is.invalid>
Newsgroups	misc.news.internet.discuss
Subject	Lordstown Motors Faked Orders for Electric Pickup
Date	2021-03-15 06:53 -0500
Organization	Aioe.org NNTP Server
Message-ID	<ggiu4gdm9gmemdfhv3ft34svth0j0ol14p@4ax.com> (permalink)

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Lordstown Motors Faked Orders for Electric Pickup That's Years Behind
Schedule: Report

The short seller that took down Nikola Motors has its sights set on
Lordstown.

Hindenburg Research, the short seller whose investigation into Nikola
Motors toppled the company's founder and set its stock into a tailspin
last fall, now has set its sights on the electric truck startup
Lordstown Motors. In an 8,000-plus-word report posted Friday morning,
Hindenburg accused the Ohio-based company of pumping fake orders to
artificially boost demand for its forthcoming Endurance pickup truck,
published quotes from former employees describing Lordstown CEO Steve
Burns as a "con man" and collected evidence showing the entire
Endurance project is possibly years behind schedule--despite
Lordstown's promises that production will begin this fall.

Burns responded publicly in an interview with the Wall Street Journal,
condemning the report as being full of "half-truths and lies" while
claiming that the company's touted list of 100,000 pre-orders were
never supposed to be seen as firm commitments. He denied that
production plans for the pickup truck are behind schedule, though no
evidence was presented and the company itself has yet to formally
respond.

<https://www.thedrive.com/news/39755/lordstown-motors-faked-orders-for-electric-pickup-thats-years-behind-schedule-report>

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Lordstown Motors Faked Orders for Electric Pickup JAB <here@is.invalid> - 2021-03-15 06:53 -0500
  Re: Lordstown Motors Faked Orders for Electric Pickup Michael Trew <mt999999@ymail.com> - 2021-03-15 13:48 -0400
    Re: Lordstown Motors Faked Orders for Electric Pickup JAB <here@is.invalid> - 2021-03-15 23:06 -0500
      Re: Lordstown Motors Faked Orders for Electric Pickup Michael Trew <mt999999@ymail.com> - 2021-03-16 00:37 -0400
        Re: Lordstown Motors Faked Orders for Electric Pickup JAB <here@is.invalid> - 2021-03-16 00:23 -0500
        Re: Lordstown Motors Faked Orders for Electric Pickup JAB <here@is.invalid> - 2021-03-20 15:15 -0500
          Re: Lordstown Motors Faked Orders for Electric Pickup Michael Trew <mt999999@ymail.com> - 2021-03-22 22:25 -0400
            Re: Lordstown Motors Faked Orders for Electric Pickup JAB <here@is.invalid> - 2021-03-22 22:32 -0500
              Re: Lordstown Motors Faked Orders for Electric Pickup Michael Trew <mt999999@ymail.com> - 2021-03-23 00:28 -0400
                Re: Lordstown Motors Faked Orders for Electric Pickup JAB <here@is.invalid> - 2021-03-23 09:56 -0500

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