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(CNBC)   EV carmarker Lordstown Motors shares jump 20% in IPO; will be driving Cadillacs in their dreams   (cnbc.com) divider line
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371 clicks; posted to Business » and Main » on 26 Oct 2020 at 1:50 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



29 Comments     (+0 »)
 
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2020-10-26 2:12:31 PM  
So they're feeling good on a Monday?
 
2020-10-26 2:17:08 PM  
Down 30% from where it was last week under DPHC, subby. It's not doing well. None of them are, which is kind of a recurring pattern when it comes to these EV SPACs. They go IPO and then bottom just drops out. Possibly due to shorts. Possibly due to expired warrants. Possibly due to Jim Cramer.

I blame Nikola.
 
2020-10-26 2:59:34 PM  
My friends and I, we've cracked the code. Well played Subby
 
2020-10-26 3:01:48 PM  
I get the significance of the name but holy crap it sounds like a horseless carriage company to the ear. Ye Olde Lordstowne Motor Co. & Sons. They should go with something that sounds more futuristic. What's Nikola Tesla's middle name?
 
2020-10-26 3:29:32 PM  

IHadMeAVision: What's Nikola Tesla's middle name?


He didn't have one.  The 3-name system is an English cultural tradition.

Eastern Europeans tend to only have a given name and surname.
 
2020-10-26 3:48:12 PM  

IHadMeAVision: I get the significance of the name but holy crap it sounds like a horseless carriage company to the ear. Ye Olde Lordstowne Motor Co. & Sons. They should go with something that sounds more futuristic. What's Nikola Tesla's middle name?


My Weeners to the name "Well, pardon me Your Lordshiptowne!"
 
2020-10-26 3:49:35 PM  

IHadMeAVision: I get the significance of the name but holy crap it sounds like a horseless carriage company to the ear. Ye Olde Lordstowne Motor Co. & Sons. They should go with something that sounds more futuristic. What's Nikola Tesla's middle name?


I always assumed it was Nikola Farking Tesla.
 
2020-10-26 4:07:04 PM  
Initially I thought, another EV company, maybe I'll invest a small amount and see where it goes.

Then I saw the grift:
FTFA:  Lordstown has received major boosts in public awareness recently thanks to the Trump administration, including visits with President Donald Trump and Vice PresidentMike Pence.
 
2020-10-26 4:21:15 PM  

IHadMeAVision: I get the significance of the name but holy crap it sounds like a horseless carriage company to the ear. Ye Olde Lordstowne Motor Co. & Sons. They should go with something that sounds more futuristic. What's Nikola Tesla's middle name?


Pair that name with a subtle steam-punk aesthetic and they just might find a marketable niche. Or not.
 
2020-10-26 5:24:04 PM  

IHadMeAVision: I get the significance of the name but holy crap it sounds like a horseless carriage company to the ear. Ye Olde Lordstowne Motor Co. & Sons. They should go with something that sounds more futuristic. What's Nikola Tesla's middle name?


Surprisingly enough, his middle name was Lordstown.

And what's with all of the new EV manufacturers coming out of the woodwork lately?  I think this is the 3rd in 3 weeks that I learned about on Fark.  Granted, I don't follow the industry close enough to know anything about companies without products on the market, but still.
 
2020-10-26 8:07:22 PM  
Prediction:

Yet another startup electric vehicle company will learn that starting a new car company from scratch is a lot harder than it looks.

Assuming they make it to production, they'll run into quality issues that bring assembly to a crawl. Their first product won't deliver as promised (range/performance) and they'll promise a rev 2 that'll be "better than what was envisioned for rev 1!!!"....meanwhile they'll go broke trying to fix rev 1 production/design issues, repair the units in the field, ensure the bad PR from rev 1, AND spending piles of cash trying to develop rev 2.

And unlike Tesla in this point of their growth cycle, and a dozen competitors will be chomping on their heels.

RIP Lordstown
 
2020-10-26 9:51:09 PM  

Psychohazard: Initially I thought, another EV company, maybe I'll invest a small amount and see where it goes.

Then I saw the grift:
FTFA:  Lordstown has received major boosts in public awareness recently thanks to the Trump administration, including visits with President Donald Trump and Vice PresidentMike Pence.


Ya see? Ya see? THAT's what Ima talking about! It's all connected! It's all right there! It's big oil and Bobby Ray Inman and Elvis.

And words to that effect.

I don't know. I am waiting for the My Pillow Guy to get going on his start up. Then I will know this whole green thing is for real.
 
2020-10-26 9:55:27 PM  

Sasquach: Prediction:

Yet another startup electric vehicle company will learn that starting a new car company from scratch is a lot harder than it looks.

Assuming they make it to production, they'll run into quality issues that bring assembly to a crawl. Their first product won't deliver as promised (range/performance) and they'll promise a rev 2 that'll be "better than what was envisioned for rev 1!!!"....meanwhile they'll go broke trying to fix rev 1 production/design issues, repair the units in the field, ensure the bad PR from rev 1, AND spending piles of cash trying to develop rev 2.

And unlike Tesla in this point of their growth cycle, and a dozen competitors will be chomping on their heels.

RIP Lordstown


It might happen like that. An assumption is that Tesla learns and adapts and improves. Catching up is almost always cheaper and easier than doing something in the first place.
 
2020-10-26 10:09:02 PM  

Craw Fu: IHadMeAVision: I get the significance of the name but holy crap it sounds like a horseless carriage company to the ear. Ye Olde Lordstowne Motor Co. & Sons. They should go with something that sounds more futuristic. What's Nikola Tesla's middle name?

Surprisingly enough, his middle name was Lordstown.

And what's with all of the new EV manufacturers coming out of the woodwork lately?  I think this is the 3rd in 3 weeks that I learned about on Fark.  Granted, I don't follow the industry close enough to know anything about companies without products on the market, but still.


One of the true statements Tesla has made about the landscape for BEVs is that batteries will get cheaper and cheaper. What a lot of people might not know is that they are getting cheaper for everybody. Gains are coming from production processes, not from some VOODOO that Tesla has in a bottle.

So realizing that not all batteries are produced in gigafactories and that nearly all battery production is taking place in Asia, one can imagine that Tesla has no particular cost advantage.

And one of the things you get from reading these threads again and again is BEV fans talking about how simple the cars are and how cheap they are to make and Tesla can make a profit any time it wants to, etc. It has been a mantra. So now Tesla can watch BMW and ?Audi? or whatever grab the high end market and watch a bunch of Chinese, Japanese, and Korean companies nibble away at the low end of the market. GM is supposed to be coming in mid market. I am not sure.

The barriers to entry are low, so branding is the name of the game. Tesla is lucky because it has a stellar record of corporate citizenship, law-abiding behavior, high quality, high safety, great customer service and everything that makes the Tesla brand what it is today.
 
2020-10-26 10:18:42 PM  

2fardownthread: Sasquach: Prediction:

Yet another startup electric vehicle company will learn that starting a new car company from scratch is a lot harder than it looks.

Assuming they make it to production, they'll run into quality issues that bring assembly to a crawl. Their first product won't deliver as promised (range/performance) and they'll promise a rev 2 that'll be "better than what was envisioned for rev 1!!!"....meanwhile they'll go broke trying to fix rev 1 production/design issues, repair the units in the field, ensure the bad PR from rev 1, AND spending piles of cash trying to develop rev 2.

And unlike Tesla in this point of their growth cycle, and a dozen competitors will be chomping on their heels.

RIP Lordstown

It might happen like that. An assumption is that Tesla learns and adapts and improves. Catching up is almost always cheaper and easier than doing something in the first place.


There will always be that initial pain incurred by people new to the game...

I always got the idea that designers and business people thought manufacturing is just a bunch of low wage drones screwing things together....and factory setup was a settled science like building a house.

It's funny, since switching careers, I see the same thing at higher levels. Setting up a bio-pharmaceutical laboratory is so much more than building the room and installing the equipment....and groups that treat it as simplistic work get burned (out of business sometimes) for their arrogance.
 
2020-10-26 10:59:16 PM  

MusicMakeMyHeadPound: IHadMeAVision: What's Nikola Tesla's middle name?

He didn't have one.  The 3-name system is an English cultural tradition.

Eastern Europeans tend to only have a given name and surname.


lol I figured, that part was snark about Nikola the company's name.
 
2020-10-26 11:00:27 PM  

Craw Fu: And what's with all of the new EV manufacturers coming out of the woodwork lately?  I think this is the 3rd in 3 weeks that I learned about on Fark.  Granted, I don't follow the industry close enough to know anything about companies without products on the market, but still.


Same here, and I like cars.
 
2020-10-26 11:00:56 PM  

Sasquach: Yet another startup electric vehicle company will learn that starting a new car company from scratch is a lot harder than it looks.


That's why the startup with probably the best business model is Hyliion.

They don't build vehicles (although one is on the way), they build electric and RNG/CNG solutions that reduce emissions to practically zero. Drive trains, power trains, and such. That way you don't have to throw out your existing infrastructure, you just replace the necessary components. It is a really attractive incentive for the trucking industry for the time being.
 
2020-10-27 1:33:05 AM  
These motor-in-wheel designs, they have to have a shaft seal of some sort? A wheel bearing is expensive enough to replace when a seal goes. I don't think I would want to be on the hook for an entire electric motor.
 
2020-10-27 7:54:50 AM  
Can we not talk about how cool the Endurance is?
 
2020-10-27 8:37:13 AM  

IHadMeAVision: I get the significance of the name but holy crap it sounds like a horseless carriage company to the ear. Ye Olde Lordstowne Motor Co. & Sons. They should go with something that sounds more futuristic. What's Nikola Tesla's middle name?


Diane.
 
2020-10-27 1:51:47 PM  
Stock is crashing.

Lordstown is more like Nikola than anything else. A lot of what they have is promises and vaportech.
 
2020-10-27 4:49:49 PM  

Ishkur: Stock is crashing.

Lordstown is more like Nikola than anything else. A lot of what they have is promises and vaportech.


How are they like Nikola? They have a working prototype, a factory and they're getting everything from existing suppliers. Is there some doubt about the hub motors?

/dumped at 27.30 😳
 
2020-10-27 5:44:33 PM  

Likwit: How are they like Nikola? They have a working prototype, a factory and they're getting everything from existing suppliers. Is there some doubt about the hub motors?


Nikola had a prototype too.
 
2020-10-27 6:03:27 PM  

Ishkur: Likwit: How are they like Nikola? They have a working prototype, a factory and they're getting everything from existing suppliers. Is there some doubt about the hub motors?

Nikola had a prototype too.


As far as I know, Nikola never had a working prototype. You might be right about the eventual stock-to-zero outcome, but it's not even a little comparable to Nikola. They have a factory, they're getting their stuff from existing suppliers, and they drive their prototype around and let people drive it. Nikola promised revolutionary batteries and crammed lots of buzzword techs into their car.
 
2020-10-27 6:35:59 PM  

Likwit: As far as I know, Nikola never had a working prototype.


But people didn't know that until way later.
 
2020-10-27 6:53:50 PM  

Ishkur: Likwit: As far as I know, Nikola never had a working prototype.

But people didn't know that until way later.


It seems like you just made a weird comparison and now you're trying to justify it.

The may very well be full of shiat, but the only similarity to Nikola is that it's an EV SPAC. Almost everything else is completely different.
 
2020-10-28 12:39:10 AM  

Likwit: The may very well be full of shiat, but the only similarity to Nikola is that it's an EV SPAC


Almost all EV SPACs have more sizzle than steak going for them. I'm just saying be cautious when you invest.
 
2020-10-28 1:12:58 AM  

Ishkur: Likwit: The may very well be full of shiat, but the only similarity to Nikola is that it's an EV SPAC

Almost all EV SPACs have more sizzle than steak going for them. I'm just saying be cautious when you invest.


Ah, OK. If that's what you meant then fine. Yes, EV SPACs may eventually be companies you could go long on, but in the near-term they're definitely sentiment-based gambles.

I got hung up on the "vaportech" comment. Their philosophy is conservative, off-the-shelf design so they can target fleet buyers. Of course Elaphe, the company that makes the hub motors, could be a fraud. But they're not promising anything too crazy with the Endurance. Not compared to Nikola, at least.
 
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