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For those wondering about lordstown - first I heard of it " A shareholder lawsuit was filed Thursday against an electric truck startup company claiming it has
by Zhenya 6y ago
For those wondering about lordstown - first I heard of it
"
A shareholder lawsuit was filed Thursday against an electric truck startup company claiming it has defrauded investors by making spurious claims about the number of preordered trucks and the progress it has made in starting production
"
https://www.marketwatch.com/story/lordstown-motors-accused-of-fraud-in-shareholder-lawsuit-01616118078 https://www.marketwatch.com/story/lordstown-motors-accused-o...
- rexreed 6y agoIt gets even worse than that for Lordstown (from the same source above): "The Hindenburg report said a recently announced $735 million deal for 14,000 trucks was to a purported buyer who doesn’t operate a vehicle fleet and is based out of a small apartment building in Texas. The company received unwelcome publicity in January when a prototype vehicle caught fire 10 minutes into its initial test drive." Smelling increasingly like fraud.
- Zhenya 6y agoSo now we have lordstown and nikola. Byton also seemed like vaporwesr for a long time.
- deleted 6y ago[deleted]