Should I Buy Lordstown Motors (RIDE)? Finance YouTuber Analysis

The YouTuber recommends avoiding Lordstown Motors, citing its low revenue and uncertainty about achieving positive cash flow despite having some cash on hand. He questions the viability of its business model, especially given the current market environment where investors are less willing to fund unprofitable EV companies indefinitely.

“Lord sound motor saying that it has 220 million dollars in cash but doesn't really know when it's going to get to cash flow positive so that stock continues to fall”

The YouTuber views Lordstown Motors as a high-risk, high-reward short squeeze candidate, despite recent negative news and an SEC investigation. He notes the stock is down 72% from its peak and believes that if the company can secure funding or a strategic partner to begin production, the shares could pop significantly, especially given that 60% of shares are institutionally owned, providing some support.

“This was almost a five billion dollar company as recently as February so if they can just get any kind of funding or a strategic partner to begin production those shares are going to pop.”