Lordstown jumps following order comments to Automotive Press Association

In a conversation with the Automotive Press Association, Lordstown Motors executives, according to Bloomberg, said the company has adequate funds for production through 2022 and is actively raising money. The company still plans to start limited production in late September and has "binding" orders, the executives added. They noted that orders have been re-confirmed in the last two weeks. Shares of Lordstown Motors are up 14% to $10.53 in afternoon trading.