Lordstown Motors: We're on Track to Launch Electric Pickup Next Fall
Lordstown Motors (NASDAQ: RIDE) said today that it has about 50,000 reservations from commercial fleets for its upcoming electric Endurance pickup truck, that it's currently testing prototypes and staffing up to begin production of the truck late next year, and that two Tesla (NASDAQ: TSLA) veterans have joined its leadership team.
Because Lordstown just went public in late October, it won't begin regular quarterly earnings reports until early next year, when it reports its results for the fourth quarter of 2020. To keep investors informed until then, it released a business update on Monday intended to stand in for the kind of update it would have provided via an earnings report.
Lordstown CEO Steve Burns with a prototype Endurance. The company said it's on track to begin production next September. Image source: Lordstown Motors.
Source Fool.com
