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Dec 31, 2020
Nu Ride Q4 2020 Earnings Report
Announced fourth quarter and full year 2020 financial results and provided a business outlook.
Key Takeaways
Lordstown Motors released its fourth quarter and full year 2020 financial results, highlighting the anticipation of delivering first beta vehicles and the unveiling of a second vehicle prototype in 2Q21. The company remains on track to start Endurance production in late September.
Extremely close to delivering first beta vehicles.
Commercial fleet customers should begin to provide feedback on betas in 2Q21.
Unveiling the first prototype of second vehicle, a van, that leverages Endurance skateboard around the time of beta feedback.
Remain on track to start Endurance production in late September.
Forward Guidance
Lordstown Motors anticipates an acceleration of purchase commitments as they receive feedback from initial customers and target municipal and government fleets.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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