Funding is an issue with Lordstown Motors - and part of the solution explained here. The Endurance BEV Pick Up Truck is in production and ramping up. Cash on hand - what $200 million give or take. Waiting for the next earnings call on November 8, 2022 for the details...In the meantime this video will explain one potential source of revenue for Lordstown Motors - Bringing the INDIEV ONE to production from the prototype stage it is in now. This involves the MED JV and MIH. I will go through the steps that will lead to revenue - while we wait for the official release of data during the next LMC earnings call.
This is a link to the video I did on Yorkville Advisors and the stock for cash deal they did with Lordstown Motors - which LMC took advantage of this quarter for $27 million: https://youtu.be/EsCrCAPzHGs
