Lordstown Motors stock drops to all-time low on Tuesday

Local News

LMC is expected to provide its latest earnings report on Monday

Credit: WKBN

LORDSTOWN, Ohio (WKBN) – Stock in Lordstown Motors hit an all-time low Tuesday morning at below $7 per share.

Investors were reacting to earnings Monday from Workhorse, which owns a 10% stake in LMC. It pushed back a production target after making just 38 vehicles a year to date.

Lordstown Motors dropped to $6.69 Tuesday morning but finished with a gain of 39 cents for the day.  That’s a 5% move higher.

LMC is expected to provide its latest earnings report on Monday.

The Dow lost 473 points, making it the worst day since February. The Nasdaq slipped a dozen points.

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