We're told the Endurance will make a combined 440 horsepower from its futuristic hub-motor system. I imagine the loser of that wager will fall to the pits and never recover.Lordstown has said that it's targeting a starting price of around $65,000 for the forthcoming Endurance, but it hasn't given a detailed list of the truck's available features and options just yet. The future fate of Hindenburg vs lordstown depends on that one simple outcome. If lordstown doesn’t produce for 4 years, then This report was actually trying to help, cause the company won’t make it without a buyout.īut there is a clear detrimentally and malevolent discrepancy between producing ‘this year’ vs ‘4 years from now’. 2nd electric truck to market - this is too huge to ignore. If lordstown produces this year, period, they are good in my eyes. It’s like a child arguing over which color of m&m’s are best. So forget about pre order numbers all together. Even 15k manufactured trucks by end of year will double or quadruple the stock value if other ev manufacturers are of any guideline to estimating value. Being the second truck on the market doesn’t need pre orders for identifying potential. This is the ONLY portion of this report that matters in any way to any knowledgeable investor.
Hindenburg did verbalize a backing of the opinion that production won’t start this year. As investors that you are in this company don't let your emotion blind you to the smoke.ĭisclaimer: I have no affiliation with LT or Hindenburgh and don't have any ownership stake in LT.įirst, I am invested but I had a covering put on the company so I don’t fee any pain in the direction of the stock price. If you can't then read the summary above - again if you have to. No one is saying this is NKLA or the product doesn't exist. PPS: lots of emotion here: "LT is not fake", "This is not NKLA", "I have seen the truck", "There is a (cringe) render of the Baja prototype", etc., etc. Have to give the score to LT, so it's now Hindenburgh 1, LT 1. It's dramatic, but that's the engineering cycle. The last allegation is about the prototype catching fire. No need to speculate and bash LT over that now. But who really knows where the world of pick up truck EVs will be in 2-3 years. If the delay is 2-3 years indeed it's still not the end of the world if there is an eventual delivery. Besides, making products is hard so delays are not uncommon or illegal. The second allegation is missing the Sept 2021 deadline for production.
Make sure you understand the difference.īonus reading: This is the first allegation by Hindenburg. This is about paying for essentially fake pre-orders to make an announcement and pump the stock. all do this? If you do, you deserve to lose your money. Seriously this happened and you all think this is business as usual? That Ford, Tesla, Rivian, etc. the CEO responded on WSJ: “If a guy signed a piece of paper that said ‘I think I can move x-thousand of them,’ we believe them,” he said.
It's a one-man company I own, nothing too big. I did this from the comfort of my bedroom in my parent's house. I was paid $50 for each of those pre-orders. Source: I just signed a non-binding letter of intent to purchase 200K Endurance all-electric trucks. Breaking: "The CEO of Lordstown announced the pre-order book for Lordstown Endurance all electric pick up truck has jumped to over 300,000 in the wake of the Hidenburgh Research firm report."
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