|Bid||1.3100 x 47300|
|Ask||1.3300 x 43500|
|Day's Range||1.3000 - 1.3500|
|52 Week Range||1.3000 - 4.8300|
|Beta (5Y Monthly)||1.24|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 27, 2023 - Mar 03, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.63|
Lordstown (RIDE) to sell nearly 20% stake to Foxconn for an investment of roughly $170 million. The capital will be used to fund the development of EVs for a new collaborative program with Foxconn.
Foxconn will reportedly invest $170 million in Lordstown Motors, which is planning to deliver its first Endurance truck this year.
(Bloomberg) -- Lordstown Motors Corp. agreed to sell a substantial stake and give two board seats to manufacturing partner Foxconn Technology Group, replacing a previous arrangement for electric-vehicle production with a new deal.Most Read from BloombergTwitter Now Asks Some Fired Workers to Please Come BackElon Musk Tells Twitter Followers to Vote for a Republican CongressCZ's Binance to Buy Rival FTX After Sam Bankman-Fried Faces Liquidity CrunchPutin's Elite Tremble as Hardliners Call for ‘St