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<blockquote data-quote="Weather Man" data-source="post: 16594382" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3674026-lordstown-motor-drops-further-after-ceo-appears-in-cnbc-interview" target="_blank">Lordstown Motors drops further after CEO appears in CNBC interview</a></p><ul> <li data-xf-list-type="ul">Lordstown Motors (NASDAQ:<a href="https://seekingalpha.com/symbol/RIDE" target="_blank">RIDE</a>) fell further in premarket trading, down 8.8%, after CEO Steve Burns was interviewed on CNBC and after admitting last night that the company has received a request for <a href="https://seekingalpha.com/news/3673813-lordstown-motors-drops-after-revealing-sec-inquiry" target="_blank">information from the SEC.</a></li> <li data-xf-list-type="ul">Burns, responding to a recent <a href="https://seekingalpha.com/news/3672214-lordstown-motors-slides-after-hindenburg-accuses-it-of-fake-orders" target="_blank">Hindenburg short report</a>, said the company has received non-binding preorders for its electric trucks.</li> <li data-xf-list-type="ul">"We've never said we had orders." Burns<a href="https://www.cnbc.com/video/2021/03/18/watch-cnbcs-full-interview-with-lordstown-motors-ceo-steve-burns.html" target="_blank"> said on CNBC</a>. "We don't have a product yet. By definition we can't have orders."</li> <li data-xf-list-type="ul">Burns further added:</li> <li data-xf-list-type="ul">"The preorders did exactly what they were supposed to do. Gauge interest. Nobody knew if fleets would buy an electric pickup truck. It was completely unknown science, no data around it."</li> <li data-xf-list-type="ul">"I don't think anybody thought we had actual orders. That's just not the nature of this business."</li> <li data-xf-list-type="ul">Recall March 15<a href="https://seekingalpha.com/news/3672477-lordstown-motors-on-track-with-production-of-endurance-all-electric-pickup-truck-in-september-2021" target="_blank">, Lordstown Motors on track with production of Endurance all electric pickup truck in September 2021.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16594382, member: 137766"] [URL='https://seekingalpha.com/news/3674026-lordstown-motor-drops-further-after-ceo-appears-in-cnbc-interview']Lordstown Motors drops further after CEO appears in CNBC interview[/URL] [LIST] [*]Lordstown Motors (NASDAQ:[URL='https://seekingalpha.com/symbol/RIDE']RIDE[/URL]) fell further in premarket trading, down 8.8%, after CEO Steve Burns was interviewed on CNBC and after admitting last night that the company has received a request for [URL='https://seekingalpha.com/news/3673813-lordstown-motors-drops-after-revealing-sec-inquiry']information from the SEC.[/URL] [*]Burns, responding to a recent [URL='https://seekingalpha.com/news/3672214-lordstown-motors-slides-after-hindenburg-accuses-it-of-fake-orders']Hindenburg short report[/URL], said the company has received non-binding preorders for its electric trucks. [*]"We've never said we had orders." Burns[URL='https://www.cnbc.com/video/2021/03/18/watch-cnbcs-full-interview-with-lordstown-motors-ceo-steve-burns.html'] said on CNBC[/URL]. "We don't have a product yet. By definition we can't have orders." [*]Burns further added: [*]"The preorders did exactly what they were supposed to do. Gauge interest. Nobody knew if fleets would buy an electric pickup truck. It was completely unknown science, no data around it." [*]"I don't think anybody thought we had actual orders. That's just not the nature of this business." [*]Recall March 15[URL='https://seekingalpha.com/news/3672477-lordstown-motors-on-track-with-production-of-endurance-all-electric-pickup-truck-in-september-2021'], Lordstown Motors on track with production of Endurance all electric pickup truck in September 2021.[/URL] [/LIST] [/QUOTE]
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