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Why Lordstown Motors Dropped Again Tuesday

Why Lordstown Motors Dropped Again Tuesday

Lordstown Motors (NASDAQ: RIDE) continued a decline Tuesday morning that started after the electric vehicle (EV) start-up reported its fourth-quarter and full-year 2022 earnings yesterday. After dropping nearly 10% Monday, the stock was down as much as another 5% Tuesday morning. It recently announced a recall along with the suspension of production and deliveries due to quality problems.