Why Lordstown Motors Stock Jumped 9.5% on Thursday

Why Lordstown Motors Stock Jumped 9.5% on Thursday

Shares of Lordstown Motors (NASDAQ: RIDE) jumped as much as 9.5% in trading on Thursday after the company completed its first production vehicles. The news of the day is that two electric pickup trucks have officially rolled off the production line in Ohio. Foxconn, who is Lordstown's contract manufacturer, is completing a batch of 500 Endurance pickup trucks and aims to deliver 50 to customers this year.