|Bid||60.56 x 800|
|Ask||60.57 x 800|
|Day's Range||59.98 - 61.04|
|52 Week Range||23.33 - 64.30|
|Beta (5Y Monthly)||1.36|
|PE Ratio (TTM)||9.75|
|Earnings Date||Aug 04, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 05, 2020|
|1y Target Est||70.15|
Lordstown Motors executives should be hanging their heads in shame right about now.
General Motors Co's majority owned Cruise self-driving car subsidiary said on Tuesday it would gain access to a multi-year $5 billion line of credit with GM's finance arm to finance its purchase of Origin vehicles starting in early 2023. "This bumps up Cruise's total war chest to over $10 billion as we enter commercialization," Dan Ammann, chief executive of the Cruise unit, which also counts Softbank and Honda as minority investors, said in a blog posting. This past month, General Motors began assembly of the first of about 100 pre-production Cruise Origin all-electric vehicles that will be built this summer for validation testing, Cruise said.
GM stock hit a record high on good news about the chip shortage. Yet General Motors' prospects are riding on its EV and AV future. Expect big news soon.