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6 mins read

How a New York short-seller took on one of the world's richest people, wiped out $150 billion in market value, and barely made any money

The amount Hindenburg Research made from it's short-seller report on Adani Group pales in compariso…

Jennifer Sor   


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1 min read

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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1 min read

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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1 min read

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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2 mins read

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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1 min read

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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2 mins read

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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2 mins read

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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2 mins read

'Haters gonna hate': Lordstown Motors responds to short-seller that accused the startup of faking orders

Lordstown Motors boss Steve Burns quoted Taylor Swift when responding to a short-seller's fraud acc…

Tim Levin   


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2 mins read

Lordstown Motors extends decline to 33% as the electric-vehicle maker warns it may go out of business

"Our current level of cash and cash equivalents are not sufficient to fund commercial scale product…

Carla Mozée   


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2 mins read

The short-seller that uncovered fraud at Nikola is accusing another upstart EV maker of misleading investors

Hindenburg Research alleged that Lordstown's 100,000 preorders are "largely fictitious." Shares of …

Tim Levin   


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1 min read

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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2 mins read

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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1 min read

Lordstown Motors sinks 19% as the electric vehicle maker cuts production outlook and seeks more funding

Lordstown forecast that production of its Endurance truck this year would be "at best" 50% of its p…

Carla Mozée   


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2 mins read

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   


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2 mins read

The Justice Department has reportedly opened a probe into electric car startup Lordstown Motors

The US attorney's office in Manhattan is looking into the company, the Wall Street Journal reported…

Grace Kay   


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1 min read

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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1 min read

Embattled EV startup Lordstown Motors warns it may not have enough cash to start commercial production

Lordstown Motors raised $675 million by going public through a reverse merger in late 2020 that val…

Tim Levin   


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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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1 min read

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