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Lordstown shares rise premarket after EV company posts narrower-than-expected Q4 loss

Lordstown shares rise premarket after EV company posts narrower-than-expected Q4 loss

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Lordstown Motors Corp. shares RIDE, +2.23% rose 2.8% in premarket trade Monday, after the electric vehicle maker posted a narrower-than-expected loss for the fourth quarter and said it’s on track with plans for its electric truck in the third quarter. The company posted a loss of $81.2 million, or 42 cents a share, for the quarter, wider than the loss of $61.7 million, or 37 cents a share, posted in the year-earlier period.

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