Possible investment idea

[Wrecit]

Not really trailer related so admins delete if you want but got a possible investment opportunity.

I been watching an ev company based in Ohio called Lordstown motors for the past 2 years (and development of their truck under the workhorse company for 4 years) they are finally ramping up to deliver the truck.

It is far from a sure thing and the road to production has been rocky but it looks like they are finally ready. The reason I think they can be viable is their truck design is using things nobody else is doing like putting a solid rear end with leaf springs and using 4 hub motors rather than traditional drive shafts. They are claiming you can replace a hub motor in 5 to 10 minutes using standard tools.

IMO as a carpenter by trade they have a dedicated work truck that will be able to handle loads and towing equal to the big 3 light duty gas trucks. Their initial offering is going to fleet work trucks with consumer sales hopefully starting mid 2023.

Right now stock price is $2.50 and this would be a long term investment of at least 5 to 10 years but some think they could be the Tesla of the truck world and 12 years ago Tesla cost $3.90 a share.

Again not a sure thing but dropping $10 to 20 a week into Robinhood could make life a little more comfortable in 10 years. It might be worth doing some homework to see if you might be interested

[QueticoBill]

August 22, 21 OP says stick was $2.50. Today's its $0.67. I hope OP didn't invest.

[tony.latham]

Not looking good for Lordstown.

Tony