Stock Market
Lordstown Motors’ Sales Were Dreadful. The Stock Is Rising Anyway.
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Sales and earnings from electric vehicle start-up
Lordstown Motors
show just how hard it has been to launch a new electric truck. Results look rough, but the beaten-up stock is rising in early trading Monday.
Lordstown (ticker: RIDE), Monday morning, reported a fourth-quarter loss of 45 cents-a-share loss from $194,000 in sales. Wall Street was looking for a 32 cents-per-share loss from roughly $7 million in sales.
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