Lordstown now says it has “No Binding Orders” after saying it had “Binding Orders,” after admitting it had “No Binding Orders,” after hyping its binding orders for months. Sheesh.
How do you sell more new vehicles when they last longer every year? You don’t! Over two decades of stagnation in vehicle sales interrupted by plunges.
Pump and dump just for the heck of it? Why can’t this dude just shut up? That’s what people, including the SEC, want to know.
Investors in subprime auto-loan Asset Backed Securities should be genuflecting in front of US taxpayers to thank them for the backdoor bailout.
But it’s a lot worse than it appears.
Tesla Model Y Blows doors off US bestseller Ford F-Series. But Tesla lost share within EV space against the giants it woke up.
Americans love big expensive equipment. And cheap cars have fizzled. Ford, which threw in the towel on its cheapest cars, is trying again.
This would normally have triggered a Buyers’ Strike, but the Inflationary Mindset has changed.
This change in the inflation mindset is likely not “temporary.”
Forbearance Effect: Serious delinquencies of mortgages & student loans plunge to record lows because delinquent loans in forbearance don’t count as delinquent.