Lordstown (RIDE) announces reverse stock split amidst dispute with Foxconn

Senate Republicans call for Biden to scrap plans to cut emissions and ramp EV sales

A coalition of 27 Senate Republicans spoke out Thursday, calling on the Biden administration to abandon its proposal to significantly reduce vehicle emissions by 2032 and accelerating the adoption of electric vehicle sales.

In a letter led by West Virginia Senator Shelley Moore Capito, lawmakers said the administration plan will "effectively mandate a costly transition to electric cars and trucks in the absence of... More

Nikola (NKLA) shares plummet following delisting notice

Nikola Corp. (NASDAQ: NKLA) announced on Thursday that it has been issued a delisting notice by Nasdaq due to its failure to meet the minimum bid price requirements set by the exchange.

Shares of the company sank more than 15% to 65 cents... More

Lowe's, AutoZone, Alibaba fall premarket; Yelp, Dick's Sporting Goods rise

Investing.com -- Stocks in focus in premarket trade on Tuesday, May 23rd. Please refresh for updates.

Lowes (NYSE: LOW) stock fell 1.6% after the home improvement chain reported a decline in first quarter sales and lowered its full-year financial outlook, hit by a... More

Lordstown opts for reverse stock split to meet Nasdaq rules, placate Foxconn

(Reuters) -Lordstown Motors Corp on Tuesday announced a reverse stock split to meet Nasdaq listing norms and appease investor Foxconn, which has threatened to scrap a crucial $170 million funding for the struggling electric-vehicle maker.

The 1:15 split has been scheduled for May 24, the company said, but added there was no assurance that the Foxconn deal will close.

Lordstown Motors' shares fell 10% in... More

Lordstown Motors (RIDE) To Cut Costs, Preserve Liquidity In Light Of Foxconn - Bloomberg

Lordstown Motors (RIDE) To Cut Costs, Preserve Liquidity In Light Of Foxconn - Bloomberg

Lordstown Motors (RIDE) Announces 1-for-15 Reverse Stock Split

Lordstown Motors Corp. (Nasdaq: RIDE), (Lordstown Motors, LMC or the Company), an original equipment manufacturer (OEM) of electric vehicles focused on the commercial fleet market, today announced that it will effect a 1:15 reverse stock split (the Reverse Stock Split) of its Class A common stock, $0.0001 par value per share (the Class A common stock), that will become effective at 12:01 a.m. Eastern Time on May 24, 2023 (the Effective Time). Lordstown Motors Class A common stock will begin trading on a split-adjusted basis on the Nasdaq Global Select Market (Nasdaq), under its existing symbol, RIDE, when the market opens on May 24, 2023. The new CUSIP... More

Lordstown Motors (RIDE) Endurance test vehicle catches fire

Fire crews were called to the Foxconn plant in Lordstown Sunday night after Lordstown Motors (NASDAQ: RIDE) test vehicle caught on fire. Company officials say they are trying to find out why the Endurance test vehicle went up in flames.

According to a... More