Thursday, August 10, 2023

Foxconned: Lordstown Motors cautionary tale

 
HeadlineEnergy Portal, 8/10/2023
As for Lordstown Motors, it remains unclear whether they ever successfully produced their highly-touted EV truck, the Endurance. While they secured a joint manufacturing deal with Foxconn, they failed to meet the requirements of the agreement, resulting in technical default and subsequent real default. 
These incidents serve as a cautionary tale for investors. Valuation mistakes and the lack of cynicism during market bubbles can result in significant losses.

Other Foxconn and Foxconn/Lordstown posts:
2023
August

July

June

May

January

2022

2021
GET ME REWRITE: Yes, Foxconn's $100 milion pledge to UW-Madison was nothing more than a cynical election ploy by Scott Walker.  (8/11)
The mysteries of Foxconn (season 2).  (5/12)
The collapse of Donald Trump's '8th Wonder of the World'.  (4/20)

2020
GET ME REWRITE: Two gullible guys from Racine County still believe anything Foxconn tells them.  (10/23)

Keeping tabs on Foxconn Place in

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