You are viewing a single comment's thread from:RE: LeoThread 2023-06-27 07:13View the full contexttokenizedsociety (69)in LeoFinance • 2 years ago EV manufacturer Lordstown Motors sues Foxconn and files for bankruptcy. Things a not looking well for the startup.
That's sounding like a shitty start up..
Yea they had potential at first and grabbed some big investors such as GM and Foxconn but then things went south
Ahhh like STEEM... grabbed some big investor like TRX and JS and immediately went down the toliet..
Hahahah yea, something like that
No surprise there. It was doomed from early on.
Foxconn isn't exactly blameless either since it promised RIDE funds and later bailed.
On the bright side, it's very possible to come out of Chapter 11 bankruptcy; that's just a reorganization if it goes right.
Yea Foxconn is a terrible company. They have faced many lawsuits in the many countries where they operate.
Lordstown still has a shot for sure but it doesn't look well to them. They also lost GM not long ago, which was one a big investor
I don't know what RIDE had to offer when it comes to EVs, but I hope Tesla redesigns its Cybertruck and makes the bulletproof glass bulletproof.
Yea, the cybertruck is coming along nicely it seems. Some interesting development in that arena
Elon should get his money back if the bulletproof glass cracks again.