Poof. Gone.
https://www.bloomberg.com/news/artic...lity#xj4y7vzkgLordstown Motors Corp. may be forced to cease operations and file for bankruptcy after manufacturing giant Foxconn told the electric-vehicle company that it’s prepared to pull out of a production partnership.
Shares of Lordstown tumbled 29% to 37 cents a share at 11:17 a.m. in New York. Foxconn’s move was precipitated by a Nasdaq warning last month to Lordstown that its stock may be delisted after falling below a minimum $1 per share level for 30 consecutive days.
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