A year ago, Lordstown Motors (NASDAQ: RIDE) was going to be the next big thing.
The electric vehicle company had taken over an abandoned General Motors facility and was going to use it to start making electric pickup trucks for the commercial fleet market.
Now it’s on the verge of bankruptcy.
But don’t be tempted to buy low and hope it returns to its former glory.
These three EV stocks will blow it out of the water...
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The hits just keep on coming for Lordstown Motors (NASDAQ: RIDE).
Lordstown Motors stock was one of the hot stories of 2020 as the electric truck maker came public via a merger with a Special Purpose Acquisition Company (SPAC).
They were going to revolutionize the market for electric trucks, and the future was full of battery-powered awesomeness.
Everything looked rosy.
Lordstown motors stock soared 190% after the SPAC merger last year.
However, a few small problems have tanked the stock all the way back down...
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