There Goes Your Ride
During the insanity of the Covid-19 mania, almost every garbage stock out there did fantastically. One such stock was Lordstown Motors (RIDE), which was one of many Tesla wanna-be electric car manufacturers.
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The political leadership at the time sunk the praises of Lordstown, describing it as “absolutely booming.”
Anyhoo, now that reality has been allowed to sneak in here and there in the cracks of our crumbling economy, the myth has been destroyed. They have declared bankruptcy. In the end, it looks like Tesla will be the only one left.
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