Yahoo Finance Lordstown Motors begins electric truck deliveries
Yahoo Finance's Pras Subramanian joins the Live show to discuss the road ahead for Lordstown Motors following news that the automaker has started delivering EVs.
Video Transcript
[AUDIO LOGO]
JULIE HYMAN: Also on a separate note, we are watching shares of Lordstown today, which is not a stock that we often watch.
BRIAN SOZZI: Do we have to?
JULIE HYMAN: The stock is actually going up. What, it's received final approval to actually ship the things? But when are they actually gonna people-- when are people actually going to be driving?
PRAS SUBRAMANIAN: So they said they got the full homologation, which means they got the US approval to sell in the United States. They were able to meet all the requirements. They're passed the EPA kind of guidelines as well.
They said, the first batch of 500 Endurance EV pickups are leaving the Foxconn plant in Ohio for customers now. So we'll see how they ramp up. But they're actually starting to live right now.
BRIAN SOZZI: Well, my promise still holds true. I don't know if you remember from about a month and a half ago. If this company ever reaches scale, Lordstown, I will lick the bottom of my shoe on this set.
PRAS SUBRAMANIAN: I mean, I--
JULIE HYMAN: Nobody wants that.
BRIAN SOZZI: I'm re-iterating my call on that.
JULIE HYMAN: Nobody wants that.
PRAS SUBRAMANIAN: I com-- I'm sorry, I really agree with that in terms of like this company's had so many issues ramping up. And I've heard some quality concerns about their trucks. So we'll see where they go.
JULIE HYMAN: Have you ever driven one?
PRAS SUBRAMANIAN: I have not. I have not.
JULIE HYMAN: Yeah, I guess not if they haven't gotten the approval to [? put ?] them out there. Thanks so much, Pras.
PRAS SUBRAMANIAN: Yeah
