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- Workhorse surged 16% on Monday following it was documented that President Trump viewed the Lordstown Motors 2021 Endurance select-up truck on the South Lawn at the White Property.
- Workhorse owns a 10% equity stake in Lordstown Motors, which is concentrating on a 2021 start of its electric decide on-up truck.
- DiamondPeak Holdings also jumped 12% on the information, as the SPAC has beforehand declared that it will merge with Lordstown Motors, bringing the enterprise public the moment yet again following Workhorse spun it off in 2019.
- Go to Small business Insider’s homepage for additional tales.
President Donald Trump’s viewing of the 2021 Stamina electrical select-up truck developed by Lordstown Motors spurred a 16% jump in shares of Workhorse.
Workhorse owns a 10% equity stake in Lordstown, which was spun off as its individual independent enterprise from Workhorse in 2019.
Eamon Javers of CNBC tweeted on Monday, “Now pool reporters have been introduced out to the South Garden, where they send this report: ‘The president was presently on the South Garden when we arrived. He is looking at a Lordstown Motors 2021 endurance truck.” The White House subsequently printed remarks and video of the firm’s check out.
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Lordstown is concentrating on a 2021 start of the Stamina decide-up truck, and is arranging to go general public with a SPAC later on this calendar year.