Louis Navellier’s #1 Stock for 2021

On January 19 at 4 p.m. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation.

Tue, January 19 at 4:00PM ET

Lordstown Endurance Truck: 14 Things We Know About the EV Pickup Truck

Lordstown Motors (NASDAQ:RIDE) is moving forward with plans to launch an electric vehicle (EV) pick up truck next year called Endurance.

an electric vehicle (EV) at a charging station representing SOLO stock
Source: Alexandru Nika / Shutterstock.com

Here’s what to know about the Lordstown Endurance truck.

  • The Endurance an EV redesigned to have the least moving parts of any pickup truck.
  • That includes the four hub motors in the wheels, which provide it with four-wheel drive.
  • Lordstown Motors says that the lack of moving parts in the vehicle will result in fewer maintenance costs for owners.
  • It will feature a 109 kWh battery that gives it a range of at least 250 miles.
  • The vehicle takes 10 hours to reach 80% charge from 20% charge on a level 2 11kW AC charger.
  • However, it only takes between half an hour to one and a half hours to do the same on a level 3 DC charger.
  • It’s also sporting a peak horsepower of 600 with the ability to reach a top speed of 80 mph.
  • The Lordstown Endurance can seat up to five people and has a towing capacity of 7,500 pounds.
  • The vehicle will have a starting price of $52,500 but customers will be eligible for a $7,500 federal tax credit.
  • Lordstown Motors estimates that the cost of owning an Endurance after five years will only come to $52,000.
  • That’s taking into account the tax credit and an estimated $1,800 in maintenance fees based on 20,000 miles driven each year.
  • For comparison, it estimates the total cost of owning and operating a Ford (NYSE:F) F-150 Lariat 4WD over the same period of time to be $71,178.
  • Lordstown Motors already has $1.4 billion in preorders for the Endurance.
  • It’s also expecting to make 600,000 units of the EV truck per year.

RIDE stock was up 9.7% as of Wednesday morning.

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.

Article printed from InvestorPlace Media, https://investorplace.com/2020/11/lordstown-endurance-ev-truck-details/.

©2021 InvestorPlace Media, LLC