“Lordstown Motors’ Future at Risk: Stock Plunges 29% Amidst Foxconn’s Deal Withdrawal Threat and Bankruptcy Fears!”
Lordstown Motors Corp. (RIDE) shares experienced a 29% decline on Monday as the electric vehicle (EV) manufacturer disclosed in a regulatory filing that Taiwanese electronics contract maker Foxconn intends to terminate their partnership. The company warned that without the deal, it would lack essential funding for its operations. Lordstown and Foxconn, which is also known […]