Lordstown Motors’ Sales Were Dreadful. The Stock Is Rising Anyway.

Sales and earnings from electric vehicle start-up

Lordstown Motors

show just how hard it has been to launch a new electric truck. Results look rough, but the beaten-up stock is rising in early trading Monday.

Lordstown (ticker: RIDE), Monday morning, reported a fourth-quarter loss of 45 cents-a-share loss from $194,000 in sales. Wall Street was looking for a 32 cents-per-share loss from roughly $7 million in sales.

Source: https://www.barrons.com/articles/lordstown-motors-ev-sales-stock-price-news-3164a0c8?siteid=yhoof2&yptr=yahoo