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Lordstown Motors plunges 23% after short-seller report says the EV SPAC has 'no revenue and no sellable product'

Electric truck maker Lordstown Motors dropped 23% after Hindenburg Research revealed a short positi…

Emily Graffeo   


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7 mins read

Adani Group companies lose ₹3.22 lakh crore in market value amidst tussle with Hindenburg Research

The world’s fourth richest man, Gautam Adani, is now poorer by $22.6 billion after his companies lo…

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8 mins read

Adani Group stocks witness high volatility amidst war of words between the company and Hindenburg Research

All the nine Adani Group stocks experienced high volatility in trade on Monday as the war of words …

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Lordstown Motors falls 12% after EV company reveals SEC is reviewing accusations from short-seller

The EV start-up tumbled after revealing it received "requests for information" from the SEC regardi…

Emily Graffeo   


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Lordstown Motors insiders reportedly sold $8 million of stock ahead of bad news that sent shares of the EV maker plummeting

Five Lordstown insiders, including the president and former CFO, sold shares in early February when…

Ethan Wu   


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5 mins read

A 2017 lawsuit shows how electric car startup Lordstown paid outside workers to gin up 10,000 pre-orders per year

The questionable practice underscores that using pre-orders as a proxy for sales may not be the bes…

Grace Kay   


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EV startup Lordstown Motors says it's cooperating with an SEC probe after a short-seller alleged it misled investors

Short-seller Hindenburg Research accused the EV startup of misrepresenting its preorders and exagge…

Tim Levin   


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State Bank of India defends exposure to the Adani Group as short-selling report roils markets

Indias largest lender State Bank of India (SBI) said on Friday that its exposure to the Adani Gro…

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Lordstown Motors drops 10% after it announces production delayed by supply-chain issues

The EV maker said production of the Endurance pickup is now set to start in the third quarter next …

Natasha Dailey   


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Lordstown drops 18% after announcing production updates and a $230 million deal to sell Ohio plant to Foxconn

The company said it "continues to move forward with its plan to build a limited number of vehicles,…

Natasha Dailey   


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SVB, BBBY, Lordstown lead list of US bankruptcies as companies fold up at the fastest pace since 2010

More US companies collapsed during the six months through June than any other half-year period sinc…

Joseph Wilkins   


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Lordstown Motors drops after report that the EV maker is the target of a probe by the Justice Department

Nasdaq halted trading in Lordstown Motors stock after the Wall Street Journal reported the electric…

Emily Graffeo   


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Lordstown Motors rises after the company's president says the EV maker is raising additional funds and reconfirming vehicle orders

Lordstown Motors president Rich Schmidt says the company is focusing on its Endurance Truck, raisin…

Will Daniel   


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Short-seller Hindenburg Research has built up a large stake in Twitter - and is betting against Elon Musk

"Musk has squandered much of his leverage, largely through misadvised and compulsive tweets," Hinde…

George Glover   


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Lordstown Motors jumps as the struggling EV maker is reportedly nearing a deal to sell Ohio factory to Foxconn

The pact would allow Foxconn and Lordstown Motors to work in parallel at the factory, according to …

Natasha Dailey   


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Lordstown Motors slumps 15% on announcement of CEO and CFO resignation

Shares of the electric-vehicle maker have now lost about half their value since the beginning of th…

Natasha Dailey   


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Elon Musk's deal for Twitter is back on - and now short-seller Hindenburg Research is dumping all its shares in the takeover target

The activist investor previously bought Twitter shares when it looked like Musk's takeover bid woul…

George Glover   


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Nikola slides another 7% after Justice Department joins SEC in fraud probe

The Wall Street Journal reported Wednesday the US Justice Department joined the SEC in investigatin…

Saloni Sardana   


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Nikola falls 11% a day after potential partnership talks halted

The Wall Street Journal reported Wednesday talks between Nikola and a number of energy companies, i…

Saloni Sardana   


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Embattled electric-vehicle startup Lordstown Motors loses its CEO and CFO

The company issued a going-concern notice last week, saying it did not have enough cash to start co…

Grace Dean