Energy: The Lordstown Motor Saga, Solid State Batteries, Amazon, and More

Industry Focus

The Motley Fool

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4.6 • 854 Ratings

🗓️ 24 June 2021

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Motley Fool Auto Specialist John Rosevear joins the show to break down the whirlwind of bad news that’s hit Lordstown Motors over the past month and share his thoughts on a variety of other auto-related news, including the Solid Power SPAC, GM’s Texas joint venture with Shell in EV charging, Audi’s EV plans, and Amazon’s relationship with Plus Trucking.

Stocks Discussed: RIDE, NKLA, F, RDS-A, RDS-B, DCRC, TM, AUDVF, AMZN, HCIC, TSLA

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Transcript

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0:00.0	Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.
0:11.0	I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyple. I'm Dylan Lewis. And today
0:16.0	we're talking financials. Today we're talking consumer goods. Wild Card Wednesday.
0:20.4	And we're talking energy. And today we're talking tech.
0:23.0	Let's dive in.
0:24.0	Welcome, Industry Focus.
0:28.0	I'm Nick Saipel.
0:29.0	This week, John Roosevelt joins the show to share his thoughts on the Lordstown Motors Saga and update us on the latest in automotive news.
0:35.2	John, welcome back on the podcast.
0:36.6	It's great to be back, Nick.
0:38.6	Yeah, it's great to have you.
0:40.1	It's a busy year.
0:41.5	We want to lead off today starting about this Lord's town
0:44.4	Motors saga this is something that's been going on for the past several months we've
0:48.6	had a flurry of news in the past couple weeks executive departure is going concern warnings with the SEC what is going on here with Lordstown Motors ticker R I D. E.
0:58.0	Let's set this stage by explaining to folks who might not know the company who Lordstown is.
1:03.2	Do you all remember a few years ago when former President Trump got quite upset about a GM plant
1:09.8	in Ohio that was closing? That was in Lordstown, Ohio. The name here is not a coincidence.
1:15.9	And sort of the deal that everybody struck was that this GM factory which had built the Chevy
1:20.5	cruise, GM would sell it,
1:24.2	hand it off, whatever, to this startup
1:26.3	that was a spinoff from a workhorse group,
	...

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