Posted on 06/09/2021 10:29:41 AM PDT by Olog-hai
I see Tesla’s almost daily. They’re not hard to spot. Like you, I’m not fond of the styling, and not for this reason, but they have no grille in the front as they don’t need airflow for cooling, but that’s the easiest way to spot them.
John Deere Gator comes in an electric version.
Disclaimer: I own some Lordstown Motors stock, symbol RIDE.
This company is heavily shorted and so far attempts to force the price down have included lawsuits, a “dossier” of sorts written by attorneys and now this release of info.
Unlike other EV startups Lordstown has no debt and enough cash on hand to end 2021 with an estimated $60 million in cash. Other EV makers are deeply in debt already.
They have the backing of GM who sold them their large Ohio facility for pennies on the dollar and for shares of stock. GM said they are in the process of building a battery plant right next to Lordstown. Ohio’s government is firmly in their corner. The guy running it has lots of industry experience.
Betas have been built and are now in safety and crash tests.
The “story” about running out of money WITHOUT AN ADDITIONAL INFUSION OF CASH is not new. New cash could come from many sources; loans from Ohio or the US Feds, loans from GM or (the least likely) new shares of stock.
I think this story is meant to depress the stock price.
The democrats will bail them out with taxpayer money. CNN is saying look over here.
“Not overly impressed with the style...”
Corvette drivers lower their heads when next to Tesla at stop light!
Geraldine Elizabeth "Liz" Carmichael (born Jerry Dean Michael, 1927 – February 2004) was an American automobile executive and convicted fraudster. During the 1970s energy crisis, Carmichael promoted a prototype for a low-cost fuel-efficient car via Twentieth Century Motor Car Corporation, but fled with investor money. She was captured in 1989, and served 18 months on fraud charges.
Liz Carmichael & the Dale prototype
I just did a search and found there are several, but they are all thousands more expensive than their ICE counterparts.
And there is no tax rebate or anything because they are not for road use.
Maybe I’ll give it a year...
Made me laugh, thanks.
If you happen to listen to any stations from Europe, you’ll notice they’re pushing EVs quite a bit in ads these days.
Or speculating on Bitcoin?
On the contrary: customers buying, and indicating intention to buy, EVs is rising fast. While certainly not for everyone in all circumstances, they do well in most common cases.
Why?
1) sufficient range - few drive over 200 miles daily, and 300-500 mi range vehicles are done for most longer trips. Few drivers cover >1000 miles in a day.
2) performance in most weather in most of the country is fine. Yes there are substantial extremes, but you have options.
3) for most, charging downtime is overnight - it’s fully powered by morning, daily. The time saved being “topped off” nightly (not having to be driven to a station _every_time_ power-up is needed) more than makes up for the occasional inconvenience.
4) resale value is increasing & stabilizing, as tech improves and longevity rapidly passes gas cars (~300 moving parts vs 5000).
5) while initial price excess gas alternatives, the savings in buying electricity instead of gas can pay for the vehicle - it’s practically free.
Most arguments against EVs are either outright obsolete or rapidly diminishing toward solved. Try to keep up.
I don’t understand this electric thing at all. The vehicle weigh more so it takes more energy to move them around. Batteries are a horrible thing to recycle. Replace them every 3 yrs???? That is gonna hurt your pocket book. Heavier vehicles do more road damage.
You have to use coal or nuclear power to produce enough to recharge all these vehicles so what are you gaining? It takes a 40 lb battery to produce the same energy as 6 ounces of gasoline.
I see what you did there.
Then why is the principal pusher of EVs the government?
Who Me? ;-)
The batteries and the materials used in the are far worse thant gasoline for the environment.
OHIO PING!
Please let me know if you want on or off the Ohio Ping list.
Electric truck startup Lordstown Motors warns it may go out of business [Ohio]
CNN Business ^ | 11:44 AM ET, Wed June 9, 2021 | Chris Isidore
Trial balloon to Elon.
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