I guess that is a play on words...Lordstown Motors Corp (RIDE.O) has "firm" and "binding" orders for the first two years of production of its electric pickup truck, the startup's president said on Tuesday, sending shares up 6.4% a week after saying it had no binding orders for the vehicle.www.reuters.com
Lordstown has ‘binding orders’ for first two years of production -president
Lordstown Motors Chairwoman Angela Strand on Tuesday described it as a "new day" for the embattled company.www.cnbc.com
Lordstown Motors shares soar after new chairwoman says production plans remain on track
Normally an 11% increase would be a boon but in reference to to the previous day, it only recovered about 40% of the previous days losses.
The next few months will shed much light on this companies ability to survive.
Hope it does well as the potential jobs and competition from another player in the segment is a positive thing for everyone.