Lordstown Hammered, Kranz Hired: Up and Down Movement in De-SPAC’d EVs

Lordstown Hammered, Kranz Hired: Up and Down Movement in De-SPAC’d EVs

Lordstown (NASDAQ:RIDE) is down about 20% in morning trading after the surprise announcement that both its CEO and CFO were stepping down in an unexpected move that followed other bad omens for the company. After an internal investigation prompted by a Hindenburg short-seller report, the company has acknowledged that it overstated the strength of the
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