Lordstown Motors: Can GM’s Old Plant Beat It?

Lordstown Motors (NASDAQ:RIDE), housed in a former General Motors (NYSE:GM) assembly plant, has begun trading with a market capitalization of $460 million. RIDE stock opened Oct. 29 at about $14.50 per share. Source: Shutterstock GM is backing the start-up, which merged with a Special Purpose Acquisition Company (SPAC) called DiamondPeak to go public this week. It’s all part of a frenzy of electric-car financing, as investors continue to reject the old gas-powered giants and search for...