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Lordstown Motors: We Won't Start Shipping Our Electric Truck Until Q3 2022

TheMotleyFool

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Embattled electric truck start-up Lordstown Motors (NASDAQ: RIDE) delivered its third-quarter results after the bell Thursday, reporting that it lost $95.8 million in the period. But the bigger news was that the launch of its first vehicle has been delayed until the second half of 2022.

Lordstown lost $0.54 per share, a bit better than the average $0.62 per share loss expected by Wall Street analysts polled by Thomson Reuters. While that was a beat, it wasn't much of one: The analysts had also expected Lordstown to report $26.47 million in revenue, but it had none.

Lordstown's shares opened Friday trading sharply lower.

Source Fool.com

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