How to Lose $5.5 Billion in 2 years

[@marzuq789]

Absolutely love these mini documentaries. And with Nolan narrating em, these feel like amazing fireplace stories!

[@TeranTheScrub]

100%, I love getting ready for work listening to these dope wheelhouse stories

[@brendanjordan3089]

You’re gonna love the podcast then

[@matthewclark1529]

Same

[@drtm1718]

Fireplace, eh? I'm pretty sure most of us watch it while having our coffee and getting ready before work, substantial amount of us being on the toilet at some point. But I guess the toilet can be a fireplace too depending on what you had for dinner.

[@danh7647]

Easily accessible information laid out in a really nice format, I too love these videos!!

[@quailman8760]

I’m not surprised by this at all. A friend of mine worked as a fabricator/technician for them when they were the start up company called AMP. The stories he’s shared about working with their engineers and founders are just frustrating. For example, there was an issue they were stuck on for a few months and my friend came up with a excellent solution. He brought the idea to the team and engineers. They shut him down before he could finish explaining and said his idea would not work and not to make other suggestions because it’s not his place. A few weeks later an engineer came up with the same solution as my friend and ended up getting a huge bonus to his paycheck because of it. My buddy quit on the spot.

[@pizzahut6537]

damn i feel bad for your buddy. i hope he gets lucky sometime in the future he deserves a break

[@huntguy3831]

This is the problem with engineers and other people high up in a company. They view everyone below them as peasants and idiots. In their mind there is no possibility of them coming up with a solution to a problem. Companies that have their higher ups act that way and encourage it deserve to fail.

[@quailman8760]

@@pizzahut6537Thanks, he’s doing well.

[@quailman8760]

@@huntguy3831 It’s all too common. Companies need to start putting engineers and board members in the factory for a few weeks to better understand the manufacturing process.

[@CaliViking8O5]

Technicians love to complain about the engineers . It's a hobby for them

[@melwalshmtb9121]

FINALLY! I can learn how to lose $5.5 billion, been really struggling to do so lately 😭

[@sean6992]

Same

[@muhammadwahyuhidayat21498]

Another EV scandal is here got caught 5.5 billion dollars has been gone!!!!!!

[@tanjoy0205]

Facebook can teach you a thing or two.

[@muhammadwahyuhidayat21498]

@@sean6992 another same for me

[@MrMadmeads]

I’ll take a billion please sir

[@aseron3]

Hey Nolan, absolutely love this show. Just wanted to let you know that "capex" is pronounced cap-ex, as in Capital Expenditure; those are funds to be invested in things like equipment or IP

[@xNYCMarc]

Yep and SPAC isn't "s", "p", "a", "c". It's pronounced "spack".

[@davidhudson3001]

@@ericalorraine7943 I'll suggest you lookup Priscilla Dearmin-Turner, she's my real investment prodigy and has also help me handled my trades for over 16 months now

[@imamdeenyusuf3899]

Financial management is a crucial topic that most tend to shy away from, and ends up hunting them in the near future.

[@lezliewhicker8450]

A news host spoke so highly of this💕 lady Priscilla Dearmin-Turner and her loss prevention strategies been trying to get to her ever since didn’t know she was so accessible here

[@dr.ervingalen1777]

@@davidhudson3001i just lookup her name and found her accreditation, qualifications on FINRA and SEC, she seems really solid. I leave her a mail on her webpage🙏

[@fakacoon8864]

My grandpa worked at the lordstown GM plant. My mom did in her 20s, my dad's uncle did as well! Such a big part of my family's history, and it's so great to hear Donut talk about it :)

[@The_Brett_Dove]

Thank you to your family for literally making some of my favorite cars. God bless

[@mrsirford5844]

Wait your grandpa also worked there!? My grandpa also did! We worked there for the Pontiac sunfire. Chevy Cavalier, Pontiac sunbird, maybe Cadillac crap? Get it

[@scotcoon1186]

Someone in the extended family at a family gathering was talking about how she worked there 20-30 minutes a day and would leave for the rest of her shift. One of the uncles went and traded in his chevy, came back with a Toyota. She wasn't happy.

[@Giovanni_Litterini]

@@scotcoon1186 That uncle was smart

[@georgejungle138]

@@Giovanni_Litterini no he’s an unAmerican traitor

[@dylanlowers5236]

I live in the Youngstown Ohio area and this company was hyped up for years, going to be the next big electric company and save the local economy. Everyone saw through the Bs though. It was even more apparent when the owner lied to shareholders about how well the company was doing. Glad to see a large media group touching this situation

[@phishphan49]

lol yup - not even the illustrious stan boney could spin it to the area - i live in Cleveland now & when the first put up the "ride with lordstown" banners in place of the cruz ones it made my trip on the turnpike to see my parents kinda confusing. ngl i didn't even know lordstown was a company for a very long time - i confused their logo for the polaris logo and just assumed that yup i've been to flordia, i can believe the demand for side by sides from boomers in those weird golf cart communities warranted purchasing the plant...

[@ritdhar6579]

Electric vehicles are not made to boost the ecomony of towns. And forget about startups. I hope some good comany buys the facility and the workers live a better life and job.

[@williamerazo3921]

He was a Trump guy that didn’t want to lose those voters

[@joeroganreviewexperience9964]

What is it like in Youngstown I seen mansions there on internet for like 50-70 grand?

[@ChondroMan]

@@joeroganreviewexperience9964 Youngstown, Ohio can be pretty bad. Especially in some areas after dark. There's usually a shooting just about everyday on the news. Young kids with big balls doing just about whatever they want. I'm glad I don't have to live there. I'm like a half hour from there though.

[@DrakeGrear]

A coworker came to me in late 2020 and told me I needed to invest in lordstown, that he’d already put in $15k and that I just HAD to get in on it too. I’m in the automotive industry and keep up on all the happenings with EV startups. Once I told him that lordstown didn’t have a working prototype and hadn’t even begun to sort their facility out(again, late 2020), he called me a hater then proceeded to HODL.

[@crxtodd16]

I remember doing some reading on Lordstown motors back when they first announced acquisition of the plant. EVERYTHING about them seemed sketchy and even blatantly phony from the get go. I'm genuinely surprised they actually made some prototype trucks. I can't believe there were people that actually took them seriously.

[@sean6992]

Is nobody going to talk about how much effort donut puts into their sponsorsips despite nobody actually watching them

[@jeanmichaelarchbold4446]

I think most fan watch their ads cause they are so funny

[@cafemochaaa]

Love how the ad is basically Discovery channel trying to catch up with Donut😭

[@titythomas3833]

@@jeanmichaelarchbold4446 yeah, their ad is like the only ad I watch on KZbin.

[@Marc83Aus]

What do you mean, people watch discovery plus.

[@Quantum-]

I watch them. They're fucking great.

[@QMaverick1]

As someone that lives in the Cleveland area, with family near Youngstown, I REALLY hope they get this figured out and actually succeed. That plant is a huge deal for the region, and the hub-motor powered truck idea is brilliant. I HOPE they figure it all out, but I'm not confident that they will :-(

[@isailopez4132]

Nothing thats good for the people ever succeeds in the land of the free anymore… Sadly our country runs on big corporations that always end up taking their manufacturing outside of our country o reduce costs to increase their profits..

[@kingjasko]

i still have faith

[@DuvJones]

You know, I have been watching Lordstown Motors since the GM shutdown. It seemed rather fishy for the get-go and I wish given what I was hearing at the time that there was something to hope with. Lordstown Motors gave me nothing, other than a countdown to it's bankruptcy. If only for the people that are hoping that something comes out of this, I hope that its not another EV startup dud... But it is sounding alot like one.

[@AdamUpMusic]

Foxconn 🍿

[@R3AL-AIM]

They still won't sell great locally though. Those sales are out going down South and out West.... Or New York.

[@handlealreadytaken]

My grandfather worked there back in the 80's and early 90's when they made the Cavalier and Sunfire. The area is now a mini-Detroit after the auto industry moved production.

[@Spike-sk7ql]

We are not even close to a mini Detroit. Yes the plant was a huge part of the economy, but Lordstown is a country town. The surrounding areas such as Youngstown already fell into shambles when the steel mills left. Still though, not even close to as bad as Detroit.

[@evilpenguinson6808]

As someone who lives in the area, Youngstown and the surrounding region has a great startup incubator. The YBI (Youngstown Business Incubator) has Youngstown rated really high to start a business

[@phishphan49]

@@Spike-sk7ql bruh warren was fucked when delphi left... this was just the nail. 2009/11ish - remember living on notrhside of yougstown, the petra ( gas station) sold "back to back per capita murder capitol of the world" t-shirts. i briefly had a job in downtown warren. the store i bought my smokes at was the first time i'd seen obvious daytime hookers, and not like... late afternoon. 10-11am type of daytime. yougstown is bouncing back but dont pretend like warren/lordstown aren't going to just rot like all of the other former factory towns one passes following route 7 down the river.

[@stavl5122]

Maybe parts of Youngstown are crap now…but Lordstown is doing fine.

[@evilpenguinson6808]

@@stavl5122 especially with the TJX warehouse coming in

[@tjwatson0403]

The Mahoning Valley has been hit hard with deindustrialization. It started with steel in the 70s and 80s, then GE and Packard in the 2000s and now GM leaving. It used to be you could raise a family and live a comfortable life here. Now it's filled with despair and drugs. I hope my home improves.

[@evansnyder5948]

Mr. Burns also sold the algorithm that Instagram uses to Instagram when it was independent from Facebook. He also sold apple the voice recognition software Siri uses. That is where he got the majority of his initial wealth.

[@MG-jc5ko]

I live in Youngstown which is right down the street from lordstown, it was an old GM factory that was a huge deal for our area, and it made a big impact when it closed. Then came this company and we had big hopes for it but it turned out to be a slap in the face the way this guy has ran and operated it.

[@TWAN330]

I live in the Youngstown/Campbell area hello 👋🏾

[@TWAN330]

Kinda like the chill-can company 🤦🏽‍♂️

[@MG-jc5ko]

@@TWAN330 exactly man you got

[@stavl5122]

Born and raised in Campbell…chill can plant is the biggest joke!

[@DJ.1001]

@@TWAN330 Oh God. That story might be more depressing than the Lordstown saga.

[@domnylo]

Take a shot every time Nolan says “Lordstown”

[@Director_Orson_Krennic]

You trying to give us alcohol poisoning? Lmao

[@rawhidelamp]

Death

[@guycha0s380]

El no

[@THEGREENHELIUM]

lmao you tryna kill my liver saying that. 😆🤣😂💀

[@402SHO]

Imma take dabs I’ll check back in if I remember 🤣

[@SupraSav]

"Why did GM do this?" It's the same answer you will receive to any question related to a company, business, corporation - money.

[@tankerd1847]

Well what's the point of a company if it's not making money? It sucks GM had to let go of that plant but I would hope they learned a lesson from their government bailout to be a bit more careful with their money.

[@joe4964]

Honestly it had a lot to do with the union that was there as well. UAW local 1112 was an extremely strong union to the point where some might say it was the best and strongest union. GM could have retooled the plant in order to produce the new Chevy blazer, but they elected to move production down to Mexico because it was cheaper. So yes you are correct about the money aspect of it, but what you won’t hear much about is how GM was tired of fighting with UAW local 1112 and shut down the plant as a cause of the union being so strong.

[@SYH653]

@@joe4964 GM pulled a similar stunt with Buick City in the late-'90s. Sick of a loud local that triggered a nationwide strike, they shuttered & later demolished the complex.

[@ttano1117]

I am from Lordstown area. Hubbard, OH. It's honestly sad to see this happening. That place used to be the heart of Eastern Ohio, now it's just a parking lot with a couple cars you pass by on I-80.

[@Spike-sk7ql]

I live 5 mins away from the plant. This guy is correct.

[@russellulbrich8043]

@@Spike-sk7ql I live 500 miles away, and I've driven there to do my due diligence and can confirm that there were hundreds of cars in the parking lot during working hours. . .and very few afterwards. So, yes, the lot is empty when the team goes home.

[@ChevySpeedAddict]

I'm in Brookfield just up the street from Hubbard. I toured the Lordstown plant when it was booming producing the Cobalt. It's so sad that the EV startup failed as it was hoped to revitalize the area's in-the-toilet economy. I don't have high hopes for the future of the plant.

[@ttano1117]

@@ChevySpeedAddict I just moved to Hubbard from Masury! Grew up in Sharon. It's sad, only resson we moved here from Florida in the 90s was for my dad to get job there. He never got in, so we sank to the Valleys poverty.

[@ChevySpeedAddict]

@@ttano1117 I was born and raised in Farrell and moved to the Brookfield/Masury area a few years ago. It's hard to leave because my wife and I need to care for our elderly parents so we don't want to move far away just yet. God has blessed us with enough to meet our needs, and the area is cheap to live in so I can't complain.

[@joe4964]

The GM Lordstown plant played a huge role in the Mahoning valley prior to closing its doors and truly hurt the valley after shutting down. This plant supplied many jobs to the people in the area along with its other suppliers, distributors, and many more. It truly was a shame to see this plant close, especially because it meant my father had to be relocated to another plant. GM could have retooled this plant in order to produce the Chevy blazer, but elected to move its production down to Mexico instead. UAW local 1112 was the best, and strongest union around and corporate GM did not want to deal with the local anymore, thus also aiding in shutting the plant down to get rid of the local. God bless the men and women who worked there. Long live UAW local 1112, and the Orange Vest Society.

[@trentR3437]

You mean trickle down economics didn't work lol.

[@buzzsantana6637]

SOLIDARITY FOREVER

[@jameswells9677]

I played this video backwards so I could gain $5.5billion 💰

[@titythomas3833]

You have frightened Jeremy clarkson with your genius

[@level19barb16]

🤣🤣

[@lexgo8013]

Aughhhhh

[@PhillyPhilly763]

Infinite I.Q.

[@iamgates7679]

Dope life hack

[@yaboymintz]

I remember driving past this whenever I'd go from Pittsburgh to Cleveland. Seeing the big Chevy Cruze sign get replaced with "Ride with Lordstown" but the plant never really did anything. I had no idea that this was even a company. I thought the "Ride with Lordstown" was just an attempt to get a new company to produce vehicles there.

[@artistwithouttalent]

Thank you for saying _something_ about this company, as it seemed like they just dropped off the face of the Earth. Based on the fact that they had at least one working prototype, it at least sounds more real than Nikola, and I certainly hope they can turn it around and prevent yet another town in the Midwest from ending up like Gary.

[@horuslupercal3872]

There are multiple prototypes, and they have completed crash testing videos are up for that, so there truck is more real than Nikola, Cyber truck, and Silverado EV right now

[@horuslupercal3872]

Sadfully dispute all the hard work that has gone into the Endurance, the biggest thing keeping Lordstown down is just how much power short selling has, lot of money to be made

[@jjcoola998]

Gary is a real life horror exhibit

[@todtalk3912]

@@horuslupercal3872 Rivian was at least smart by collaborating with a known brand and its finally working. They're also going to out out an ev truck for 40k at some point here. However, their trucks at the moment are like 75k and a 3 year wait to own one or pay an extreme premium on secondary car sale/auction sites

[@JoeOvercoat]

@@horuslupercal3872 Got links for all that?

[@MC-jq6ml]

I live here. So crazy to see you guys talk about it. Almost every one of my friends' parents lost their jobs when the Cruze got canceled

[@lukejackson5481]

I’m excited to see what show the new guy’s gonna host

[@jvr6809]

@Jim jibroni hahahahaha

[@extragoogleaccount6061]

@Jim jibroni Way to not even give him a chance to host before starting with the racist crap. You definitely do not procrastinate on your priorities.

[@austinbranscomb7135]

@@extragoogleaccount6061 diversity hire doesn't necessarily mean race

[@bradevans1661]

@@austinbranscomb7135 True, but in this case it certainly isn't related to gender or any apparent disability... but thanks for defending a clearly lame comment.

[@evergreenrider]

@Jim jibroni in that case they should have got Smokey from the most recent you fix you win

[@gravemind452]

Welcome back! Lordstown just filed for bankruptcy, June 2023

[@sestominecraft4099]

Starting the week strong with some good ol donut. Keep it up guys

[@iancameron415]

This is super close to me, as I pass that plant all the time wondering what the current status of it is. This video was super helpful! Awesome job Nolan!

[@tjeddy3052]

Love the show, brilliant as always. One note: have your stock/company valuation decrease by 5.5 billion is not the same as losing 5.5 billion dollars. That is all.

[@brianiswrong]

Maybe not but I bet any share holder who bought at their peak and is now holding a piece of paper worth a fraction of the price they paid for it,is pissed off at best.

[@tjeddy3052]

@@brianiswrong excellent point

[@DavidPysnik]

Donut: How the heck do you lose $5.5 billion? Elon Musk: Hold my beer…

[@vengadeshkannavathy7225]

Nolan, make an episode about Maybach's history.

[@vengadeshkannavathy7225]

@Abigel_____ 1️⃣1️⃣ WTF!!!????

[@aw6545]

Bro, during quarantine there wasn't shit to do but study the changes in the auto industry. This was a thick story the whole way. Fantastic job as always donut!!

[@dereknicol5284]

Good video. The important bit you missed at the end is that the Foxconn deal has yet to be finalized, they have until the end of April 2022. If its not finalized Lordstown will become bankrupt soon after. The fate of Lordstown is entirely in Foxconns hands.

[@mpetersen6]

Given the way Foxconn is doing in SE WI good luck with that.

[@michaelbrown1627]

And why isn’t the CEO in prison for falsifying pre-orders? Oh wait, I’m sure he got a huge “thanks for fucking yo our company” bonus on the wait out.

[@Pita4912]

Great job on the pronunciation of “Mahoning.” Btw, as a Youngstown, Ohio native. This felt like a scam from the start.

[@stavl5122]

It’s not over yet thankfully…

[@finish_my_projects]

@@stavl5122 lol, not one chance in a billion this goes anywhere... just another scam EV company 😂

[@georgiaobrien1]

I love how cohesive / easy to follow it is! Props to the writer on this one 👏👏👏

[@JordanKyle]

I grew up just down the road from this plant. Crazy to see all the controversy around a local factory in the middle of nowhere Ohio 😅

[@lordhanzo7544]

I just drove past there today. Every Wednesday I drive from Pittsburgh to Cleveland and the amount of cars in the lot decreases every month stg.

[@angelangelov3464]

Seems like the company started to release employees. Wow.. Thanks for info man

[@lordhanzo7544]

@@angelangelov3464 anytime

[@dmarting6014]

Hey Nolan, great presentation and thanks for all you and your team do for us. A quick note, CapEx is short for Capital Expenditure. It's pronounced Cap (like the hat) Ex (like the gf). Keep on keeping on!

[@haydenf1353]

I was looking for this comment so as to not make it myself for no reason.

[@Jroc7275]

On the topic of vehicle startups housed in former gm factories, you guys should make a video on elio motors, quite possibly one of the biggest vehicular scams of the 2010s

[@clintonflynn815]

Or the former Fremont, CA GM plant that now produces Teslas.

[@LotharTheFellhanded]

Important to note that SPACs are done to acquire companies that ARE on the stock exchange (there are certain requirements for that might be difficult for an unproven start up) so you can sell stock on the exchange and raise money. Lordstown most likely would not have been allowed to be listed on the stock exchange without the SPAC. Since there is a shell game going on with the companies and stock...there are notorious for pump and dumps.

[@I_Did_That_46]

Not to mention SONO, RIVN, LCID, MULN, GOEV, the list goes on

[@shekharmoona544]

Lordstown starts delivering the Endurance this year. 🤣🤣🤣 We'll see.

[@legopieface]

@Jim jibroni Difference between a protype on a trailer and a car driving at highway speeds is about... a working car.

[@andromeda9340]

@Jim jibroni are you sure because rivian is making and delivering more trucks than what lordstown could ever dream of.if you seen a car transporter hauling their vehicles,it would’ve made headlines all over the place but so far nothing

[@jadenhayslett8596]

My mom is an elementary school teacher in Lordstown. It is very cool to see you guys shine some light on Lordstown

[@johnsherby9130]

“They would experiment with adding battery electric power to two seat roadsters” Man I feel like some other company started out doing that but I just can’t think of the name…..

[@Davitofrito]

June 2023: Lordstown Motors is defunct having filed for bankruptcy.

[@GabrielLopez-ki5fr]

I really hope they do an episode on Elio Motors. I did my fair share of research on them when things were skeptical and things look like a scam but there is just the same info out there. Would like to see if donut took the step further and maybe shine some light on it. I also really enjoyed this episode keep it going!

[@purwantiallan5089]

Love those mini documentaries again, Donut. 👍

[@rcluke2479]

Here before Donut changes the title and thumbnail 3 times

[@combatwombat594]

As someone who has actually lived in Lordstown, and has lived in Northeast Ohio my entire life, the Lordstown plant kind of screwed itself, or was screwed by GM. They forced the plant into only making the Cruise, then the Volt. They didn't have a good modern reputation for being good with their employees either, so not many people wanted to work there after awhile. This is just speaking of when it was still a GM plant

[@mycosys]

I really wish people would stop pretending market cap is money, or anything even resembling value.

[@CarDaddyBR]

Totally agree

[@Ennui.]

0:36 and with that, you've told me everything i needed to know

[@james2042]

When Daniel Ninivaggi took over, the first thing he shoulda done was propose a top to bottom plan from where they actually are now to where they get trucks into customers hands do everything in his power to get a working prototype out and into press hands asap. After what happened, ambitious delivery dates and press conferences aren't gonna help much.

[@libidoking9044]

no, look at rivian, they send it to the costumer and the stock plummet from $172 to $39 so many investor lost money.

[@orvil011]

They decided to stick with September 2021 production, kept reiterating that date, and then finally leaked the Foxconn deal talks on 09.30 when no production had taken place.

[@james2042]

@@libidoking9044 their stock started SUPER high because of tons of hype, but after ford and chevy backed off them in the name of making their own EV's, their stock fell. It actually has come back up since delivering the first vehicles and as they continue to sell it will likely go back up. Never invest in an overhyped startup. Not to mention the main investors who lost money were ford and GM

[@MadIIMike]

EVs are serious business, just like NFTs... also, I love how well it transitions from "burned out EV" to "Hindenburg Report" xD

[@elmoforpresident3359]

Yooooo this channel rocks so much

[@whenelvescry2625]

I live in MI, and I saw 2 prototypes on the road a couple weeks ago. Hopefully they can make it work

[@aaronthomas6155]

With Foxconn involved, they'll make it work or Foxconn will likely end up owning the company.

[@CausticLemons7]

I think Lordstown highlights the issue of how large scale manufacturing knowledge, skill, and experience have been gradually leaving America.

[@fmixthings]

Reminds me of Elio Motors. Now they are toting it as electric and the cost went from targeted $6800 to $15,000.

[@jasonstilgebouer565]

Not to forget they built an off-road race truck to go race in Baja at the San Felipe 250 in April 2021. Their untested race truck mostly built by Brenthel made it a total of 40 miles of the 250 mile rice before breaking down. They were an absolute Joke, their “endurance” was so slow off-road they were being passed by Class 11 Bugs…. The slowest off-road racing class. They had no idea what they were doing down there. They were caught going backwards on race course as their drivers and go drivers had no experience racing in Mexico🥲 they put out a statement that said they “learned a lot” and we never heard from them again in off-road racing.

[@jasonstilgebouer565]

Insane

[@bkzach]

I drove past the plant back when it made Cruzes, it was pretty cool seeing all the cars out in the lot

[@MrRandomguyTom]

6 billions $$ value without single functioning car. Logic 🤯

[@andromeda9340]

Lmaoooooo facts

[@model3forever91]

Thank you for this documentary. I work at a manufacturing plant that use to deliver parts to Lordstown. One day, the orders stopped coming in. We were told simply that the plant shut down. Now I know what really happened.

[@fastinradfordable]

Ur name sux But thx for sharing.

[@_saifr]

Any automotive f*ck up you can think of, somehow GM is always involved lol

[@anom7422]

Surprised there is no prosecution for guys that pout false claims to gain more $$ in investments.

[@DeeWhy618]

Thanks for bringing back the yellow ad time bar! As always, great video. Thanks!

[@eggreedgious5194]

First mistake: terrible name. Who tf is going around telling people they drive a Lordstown?

[@r7calvin]

Might as well call it Jesus Motors.

[@mikehunt8375]

Mr. Burns!? Lol. Couldn't be a more fitting name.

[@43IWD]

My father’s business supplied lots of the concrete used to build this very plant. Really cool to see it’s history laid out for everyone to see. GM really pissed a lot of people off by laying off thousands of people.

[@budgethomegymtraining5526]

im from Mahoning county and had an uncle who was working at Lordstown and laid off. this is tragic. great research, great video

[@savion2816]

This really reminds of the nikola scandal and how gm and ev don’t mix

[@tristanheaton2127]

What about the bolt

[@jfisher8815]

I hope one day you guys are on, you guys make great content and work hard so you kind of deserve it!

[@TheWinjin]

Wiki page: Defunct June 2023; 3 months ago WELP

[@nilvlrod]

I live very close to Lordstown Motors. This video was fascinating, informative, and not at all suprising for a NE Ohio company.

[@joao_goncalves]

Good work. How about other EV's? Like Bollinger EV Pickup, maybe?

[@4literv6]

Or byton who also raised billions and hasn't produced a damn thing despite showing off the m byte back in 2018. Maybe nikola motors to? Raised billions bilked it's shareholders inc gm, and so far has made a few trucks assembled from a German chassis.

[@andromeda9340]

out of all the startups,lucid has the best shot and nobody understands them at all despite them ramping up production in silence.

[@4literv6]

@@andromeda9340 proof of said ramp actually happening at lucid motors? They showed the air off 6 years ago now in April of 2016. The powertrain itself was in a converted cargo van they smoked a p85d with in 2015. Their parent co has been around for over 15 years now, they provided the motors and batteries for formula e through this season. Lost the contract for the new gen 3 formula e cars. Lucid raised over $20,000,000,000 so far and built a ground up facility called amp-1 finishing it over a year ago now. They recalled cars already for a suspension issue. Lucid is all out of excuses imo. Especially with all the trash talk Rawlins did about no production hell and tesla beating specs etc. 👍🏻 And why hasn't a SINGLE independently done fully instrumented test of an air taken place yet? Motor trend gave them all kinds of early coverage last year inc coty. Yet hasn't posted any official reviews of it with real world specs like range, charging, acceleration etc. 🤔

[@Mazalgn9]

Bro, I might be alone in this but I love the Saturn Sky

[@andromeda9340]

I like it too,not much of them anymore unfortunately

[@Chris.Davies]

Pfft. Totally lame. Elon Musk was able to destroy 120 billion dollars of shareholder value in just under 30 minutes, during the latest Tesla Q3 Earnings Call.

[@nightmares_gf8888]

Petition to change "DIY or don't" to "DIY or why try!?" 😎 you guys are awesome, keep up the great work 👌

[@andrewgonzalez9391]

13:53 They did not.

[@michaelfjmusic]

Funny I got suggested this, I literally saw this truck out on the road today. It was in Lake Forest

[@americansmark]

Bummer. I didn't know they went under. That was gonna be good for the area. I was friends with some of the Falcon trucking guys that got let go when Falcon closed. GM Lordstown was by and large their main customer. Hopefully somebody can make use of the facilities.

[@mylesgray3470]

They haven’t fully gone under yet. Like Nikola, they are down but not out. There is still a flicker of hope they will succeed but it’s not likely at this point. Let’s hope they are.

[@sidfernandez4201]

Didn't go under, still producing trucks for testing as they are following protocol for the automotive procedure before going into full production, running 5 to 6 days a week and will have big news in the on coming months hopefully this guy does a follow up . Also it took Tesla over 5 years to get their start up going and look at them now this fella should have brought up that instead of going full negative on a company that will definitely make it.

[@finish_my_projects]

@@sidfernandez4201 @Myles Gray this scam is as dead as dead can be, just waiting for the corpse to go cold now

[@EverydayHomeRepairs]

So good, awesome video 👍

[@kyleoleksa1368]

I actually live near the lordstown motor plan and had worked with a company that dealt with them they had some working demo trucks driving around company Executives around the plant but everything to me still seems like it's not going over well but who knows.

[@BORCS367]

Should’ve mentioned the attempt at racing Baja with one of their EV trucks and getting smoked by the 1980s pick up truck with a Nissan Leaf electric motor.

[@tuszekpampuszek]

thanks for the tutorial

[@JordanMiller-pj6wt]

I got to go visit the plant and ride in the truck as a investor. Such a great experience. Glad to see donut make a video about it.

[@billywampler2852]

Y'all should do a vid about Elio motors, the insanely fuel efficient "car" that never was Edit: okay full disclosure, I do have some skin in the game, but I put in $100 almost 7yrs ago and I wanna know what happened

[@antoinesilva1527]

Excellent suggestion!

[@horuslupercal3872]

Dude same! I wanted one so bad, they also got an ex GM plant to manufacture in, I'm starting to see a pattern with EX GM factories

[@billywampler2852]

@@horuslupercal3872 you don't think GM is working in the background getting these startups tanked do you?

[@josephfrechette5251]

I actually love how donut does ads. I'll sit and watch them and think they're interesting

[@larry4fire]

As a gear head I’m surprised that you didn’t delve into the hub motors used in the Endurance. There are a lot of new capability that can be derived from a system of a computer individually controlling four hub motors, each capable of producing 150 hp and 1100 lb ft of torque. This system dumps the diffs, as well as half shafts, drive shafts, transfer case, transmission, ICE and supporting stuff like exhaust, cooling and fuel. You think front lockers are bad ass? This system could do this electronically. It can also make super tight turns by controlling the torque and turning direction of each wheel. It can do tank turns but why tear up the ground when you can turn the rear wheels in opposite directions. It has 13” of ground clearance without any lifting. The $5.5 billion they’ve spent isn’t much different than what GM and Ford are spending to get their electric pickups into production, but they have much deeper pockets. Foxconn taking over the Lordstown plant and manufacturing the Endurance under contract has been a godsend. Foxconn is not big, they’re gigantic with revenues around $200 billion/year they will have the assets to make this happen. They will also be building the Fisker PEAR and since they make the iPhones, they have a good shot at the future Apple car. BTW, the agreement with LMC is for two vehicles, one is the Endurance the other is unknown. The plan is LMC sells these vehicles in North America, Foxconn will sell them in the rest of the world. Yeah, they’ve had financial and management problems but their hub motor technology can be a game changer, I for one hope they will succeed.

[@wesmiller5070]

I live and grew up about 25 minutes from here, crazy to see it on your channel!

[@chris3325]

Running theme in these EV startup companies seems to be a willingness even an eagerness to promise stuff that they simply cannot do. How about before you take a 100000 preorders you actually make something. It's like the people running these companies think they're making an android app or something. Making a car is complicated and expensive.

[@ClimaxSlushies]

I live in Lisbon Ohio, and I work in Warren Ohio. I drive through lordstown every single day. So cool seeing the team cover something so close!

[@Brett-yq7pj]

Wheel mount motors seem like it'd be the best option but it would be a headache in the long run I bet

[@russellulbrich8043]

4 moving parts. 5 minutes off and back on. Can't do that with an engine. Plus you save on oil changes

[@andromeda9340]

I agree,the fact that hub motors are in a work truck is ridiculously dumb IMO because nobody knows how durable and reliable the technology is under extreme situations. work trucks live hard lifecycles,they get dinged,they get hella dirty at the jobsite,etc and I wouldn’t put unproven technology into the mix.the cost of ownership will likely not meet the targeted market anyway which would make it pointless for most consumers.if they used normal EV powertrains that are proven and reliable ,then it would be great for them because it reduces cost and give everyone savings but all I see right now is an expensive lifestyle truck that pretends and tries too hard to be a work truck💀

[@russellulbrich8043]

@@andromeda9340 When the hub motor experiences a front-end collision into a concrete wall and comes off the test truck fully functional and undamaged I think that's a good sign. I think people will find themselves clamoring for these once they begin to become known on the market.

[@russellulbrich8043]

kzbin.info/www/bejne/o2GrdnianpWCapo

[@alfblack2]

Oh. Thanks for the the mini documentary. Well good luck to Lordstown. I hope they can make it.

[@SenorGato237]

Lordstown didn't lose $5.5B because they didn't have $5.5B. Market value of outstanding stock =/= how much money a company has. It's an interesting design, I'd love to see them succeed with it.

[@williamerazo3921]

They not

[@foxxifi6521]

never thought id see donut talk about the chevy cruze, i own a big turbo cruze that I built myself and its kinda dope to see this lil car get mentioned by the boys

[@s.h.a.g.g.6072]

I remember back in april 2021 there was a race in México, and Lordstown promised to be the first electric vehicle to finish that race, they made a tubular chassis with the 4 electric motors, and i think they said 650hp, it all looked weird, it was preprepped in a company specialized to those kinds of races, they did many press releases, and videos talking about it, and how it was going to be and important step into off-road racing, plus they said autonomy would be around 72 miles per charge, so some 2 hour fast charging would be done for that 300 mile race. On race day, there were only 2 vehicles in the elcetric vehicle class, both were really slow, they were passed by an old VW Beetle and the rest of vehicles that started behind them. After 42 miles, the other car, an old Toyota Hilux, with motors and batteries of a Nissan Leaf, passed the Lordstown Truck, and Lordsdstown stopped for like 30 minutes cause they ran out of battery, so they called a chase truck, to take them out to pit and recharge the batteries, then the chase truck got stuck like an hour, finally they made it to the highway to recharge, took longer than 2 hours to recharge, it was pretty late, when they went back to the race course, the Hilux was walfway to the race at that point, while lordstown was going back to mile 42, but then Lordstown got DQ´d cause they started driving the wrong way, they got noticed and retired, the Hilux couldnt make it either, they broke the front right suspension i think, i remember seeing comments of people being pissed after that

[@Eko_Kats]

I remember that, they totaly ignored/forgot that range on road is totaly different from range on sand/off road. At least it did not broken down so maybe they learned how significantly range is reduced on loose surface and try it in future with extra batteries.

[@TheAreotrain]

One thing that should be mentioned, Lordstown Motors was also investing heavy in bidding for the postal truck replacement contract and were one of the final contenders. They lost the contract to Oshkosh Defense which came as a shock to many, including those close to Oshkosh Corp. Watching this, can't help but wonder if the financial situation going on with Lordstown helped fuel the decision.

[@qbumf]

I hate getting here early. All the good comments aren’t here yet. Love the videos donut!

[@AisuruMirai]

"Be the good comment you wish to see in the world." -Mohandas Gandhi

[@pilarchuck]

Finally someone is talking about this place. It’s right down the road from me. When it was GM they built the cruze there

[@cenakaze]

Tesla really is a miracle in retrospect

[@MrJimheeren]

The stock of Tesla has to fall dramatically in next couple of years (months) it’s almost 1200$ per stock that’s not sustainable for a car company that hardly makes half a million cars per year. Tesla is a dwarf in the car industry and worth more then Ford, Toyota and Tata combined. It’s a massive bubble especially since Tesla never made actual profit from selling cars (since they only sell electric cars Tesla can sell a lot of CO2 rights and that’s how they make some money)

[@cenakaze]

@@MrJimheeren>hardly makes half a million cars per year Have you checked your calendar? they produced 500k *IN 2020* They built nearly a million in 2021 Also they are actually profitable even without carbon credits, so no you are just wrong

[@MrJimheeren]

@@cenakaze I literally just googled their profit before writing this comment. And a million cars is still small fry compared to the big players in the industry. Toyota sold 10,5 million cars last year. Ford sold 2 million cars in America alone. Tesla is overvalued and one day it will come crashing down

[@parryhooper]

He didn't blow his $5.5 billion. He burned other people's money and resigned rich. He should be in jail.

[@iwantmytruth]

Thank you thank you for this! Between United Steel, General Motors, and others, the Mahoning Valley has pretty much been stripped of any real, well paying, well protected jobs. My family and friends back home have been dealing with this for generations now and while working class people from the area continue to struggle and get displaced, these giant corporations continue to lie, cheat and steal all they can and never seem to face any real consequences. I would have loved to stay in Youngstown and work a good union job at the Lordstown plant (or anywhere) with my dad and other friends and family to continue the Valley's automotive history. Instead, all those jobs are just gone. Poof. Even after all the tax breaks and bail outs that were paid for by said displaced, struggling workers and their families... People over profits.

[@hamsterama]

GM sure has created many manufacturing jobs. The problem is, those jobs are in Mexico.

[@dudeman5788]

@@hamsterama and China.

[@iwantmytruth]

@@hamsterama Right? When I bought my Cruze, the least I could do was get a 4 door. Didn't save the plant, though....

[@hamsterama]

@@dudeman5788 That's true! I'm aware that the GM imports a lot of engines and transmission from China.

[@hamsterama]

@@iwantmytruth I live in Columbus. So, I obviously wasn't personally impacted by the Lordstown plant closing. But I was still super pissed (as I'm sure a lot of people were) upon finding out that that GM got all these tax breaks from this state, as well as bailout money, on the promise that they would keep jobs in Ohio. Granted, I understand that the Cruze had tough competition from its Japanese competitors. But the least GM could do was move some of their manufacturing out of Mexico and back to the US. But nope, all those GM executives need their big mansions and their yachts.