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Why Lordstown Motors Stock Surged 32% This Week

TheMotleyFool

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Why Lordstown Motors Stock Surged 32% This Week: https://g.foolcdn.com/editorial/images/694712/a-person-raising-his-hands-in-celebration-while-looking-at-stock-price-charts-on-a-computer-screen.jpg

After picking up speed last month, Lordstown Motors (NASDAQ: RIDE) stock accelerated its way into August and rallied a whopping 31.6% at its highest point in trading during the first week, according to data provided by S&P Global Market Intelligence.

The embattled electric vehicle (EV) start-up told investors what they wanted to hear: Its first EV will roll out this year.

Lordstown Motors released its second-quarter earnings report on Aug. 4. Here are two numbers you must know:

Source Fool.com

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