 Hi everybody, this is MXUX. Going to try to go through this quickly. SWAT analysis. This is an old school business thing. Strength, weakness, opportunities, and threats for Lordstown. We're at a crucial moment here for Lordstown. It's pretty exciting, in my opinion. Let's just move on with this. Let's start with the strengths. OK. Now, the engineering and design is the main strength of the endurance. It's got the fewest parts of any EV pickup. I think there's 5,000 fewest moving parts. There's four. It's the easiest, lowest cost assembly of any pickup. This is unmatched by anyone in the industry. The efficiency is the lowest weight of any EV pickup presently. The battering of motor system are more efficient than Tesla. OK. The hub motors produce 30% more regen breaking energy than standard systems. 30%. That's a meaningful number. And that's because of the torque vectoring. They're constantly regen, power, regen, power. Also, going down a hill, regen, regen, forward lightning, endurance 30% more charge. And the charging is fleeting consumer-friendly. Because, and I'm not going to get into the whole charging thing and the whole battery thing. A little bit of it's still up in the air. But basically, you can actually charge an endurance with the 110 outlet, feasibly. And I just saw a video. I was going to post it. This guy looked at the Rivian. And he asked questions. He went to one of their shows or whatever it was. And he goes, I got 100 amp service. I got 50 amps on my air conditioner. And I don't know, 20 amps on my freezer. I can't charge this thing at home. I got to put a whole new breaker box in. I got to get at least 200 amp service. This is what people are looking at with these other trucks. That's why they're selling the $90,000 trucks. Because these are people with high incomes that do not care about this kind of stuff. Fleets care about it and consumers care about it. All right, I have down here the cost and margins. Once they get into mass production of the hub motors, right now I believe the hub motors are slightly more expensive than a conventional motor. Once they get into mass production and finalize the design and so forth, they're going to have the highest margins of any of the other EV motors. And basically the whole thing is going to have higher margins. Because it's simpler, it's lighter, there's fewer parts. And I have down here, the hub motors are going to have the highest margin in the EP sector today. So these hub motors, again, once that production line gets going and they're cranking them out at speed, they're going to lower costs even more. With the bill of materials, again, 5,000 parts for the endurance, it's the lowest, I'm sure, of any of the EV trucks. I mean, Steve Burns and his team have economized this design so much. I mean, I don't know if Sandy Burns was involved, but they probably could give him some lessons on how to build an EV. I mean, you know, Munro, Sandy Munro. Anyway, it's a very efficient design, very efficient design for manufacturing. The guys at Foxconn know this, they've mentioned it. It's a great design overall. It's the new new in EVs. It's the only conventional work truck of the EVs, OK? It's the only pickup I got this misspelled with a solid rear axle. And it's the only one for the foreseeable future. I have a video of this. My last video, I talked about the wallowing of the Ford F-150. Imagine with the load in that. I mean, I don't see how fleets or anybody who does any kind of work with their truck or plans to haul anything significant with their truck is going to buy anything but an endurance. The other ones are really take an SUV or whatever, cut the back off and put a bed on it. That's what the other trucks are. They are not pickup trucks, not by any stretch of the imagination. It has a conventional design language. So they can reuse all their accessories, their racks, their snow plows, so on and so forth. They can get an order a bed off truck and put their own tool beds on. For example, fleets that they've been using, they can just take them off the old trucks, put them on the new trucks, these types of things. And of course, the cyber truck, you can't do this. With the lightning, I haven't heard if it'll plow snow or not. I don't know. Do they offer a bed off version of that? I don't know. But the endurance is the only one with a straight axle, conventional design. Another strength of the company is their assembly line is complete. It's paint, stamping assembly, the truck is designed. Everything's ready to go. They've been cranking out betas. Now they're in pre-production vehicles. It's all set up. All Foxconn has to do in there is come in there and run it. And I'm sure Foxconn can teach them something about supply lines and just-in-time manufacturing and these types of things. And of course, they have assets like chip manufacturing facilities and parts supply partners that Lordstown doesn't have. But Lordstown is going to actually be teaching them how to build an EV, in my opinion. And it's feasible to ramp up production after certification. Now here's the thing. I just want to talk about it. Everybody's talking about what's the delay. I'm going to give you my opinion on the delay in the start of production. You got, and this is complex. I tried to, I was going to do a video on it. It was too boring and complex. Anyway, you have the EPA certification, which certifies that it's safe environmentally and gives you the mileage. Then you have the National Insurance Institute of America certification. I believe that's the crash tests and the crash stress rankings. And then you have the National Highway Transportation Safety Association certification. That certification involves every part that's used in the manufacturer. The truck has to be certified. For example, the Laffay engine motors, have already been certified by Laffay. So they're certified. But the windshield wiper motor, the brake system, the brakes, whatever other systems that may be involved, these are all from General Motors. They've already been certified. So I believe, I mean, there's probably other holdups. I believe the main problem holding up production and certification is they have to identify the maker. And his location is his address. And this is for recalls. And this is for future lawsuits or whatever. That's really what the National Highway Transportation Safety Association is about. You see, they're issuing a, trying to get a recall issued by Tesla for their last driving, full driving update. But in any case, they have to identify the builder. Up until a month ago, the builder was Lordstown. Now, depending on how this deal works out, I think it's going to work out. And I think it's going to work like this. Foxconn is going to be the builder. Now, then they're going to have to be identified as the builder. Before they can be identified as a builder on that paperwork, they have to sign the contract that says they're going to be the builder. And then Lordstown can file that. Now, you might say, well, why don't they just file it now and change it later? Well, I don't know. There may be costs involved with these filings. They may have to redo every test to refile. Maybe they just don't want to go through it administratively, because this National Highway Transportation Safety Certification is multiple items. It's really big. But in any case, I do believe this is the hold up for whatever reason. But I think once they get certified, the only thing that's going to be stopping them from ramping up production is capital. And we know that Lordstown Plant is very high quality facility, the paint shop, the robotics, the quality control systems, everything is there. Foxconn is a master at operating these things and handling these supply lines and ramping up and ramping down production. And they're known for maintaining quality. But again, I think that Schmidt, the president of Lordstown, has probably done a lot of this. But when you put a very, very high quality manufacturer like Foxconn in a very high quality facility like this, I believe the quality on these built trucks is going to be as good as it gets. And another strength they have is the IP to date has been maintained by Lordstown Motors, the hub motor line, the battery line, their LMC property, the North American hub motor rights. I have hub motor. It's hub motor rights are still there. It's the operating system of the vehicle, the power control system, the in-cab entertainment system, the system updates. These are all still in control of Lordstown Motors. So basically, this is an Apple model. We know how well it worked out for Apple. It's basically the same model with Lordstown Motor, even having more control over the key components. And the last strength they have, they're going to get a capital infusion from the Foxconn deal. They're going to get 100 million, I believe next month when they sign up, they're going to buy 50 million in stock. You guys can look this up to be exact. And they have the Yaw line of credit. We've got to get a bump up in the stock price to use the Yaw line of credit. But I think as these catalyst forms, they're going to be able to implement that. So those are the strengths. I think there's a lot of them. I mean, the engineering, the efficiency, there's a lot of misspellings here. The low cost and high margin on this product, the conventional design language, the high quality assembly line, and now assembler. And they maintain the hub motor. And they're going to get a capital infusion. There's a lot of strengths here. And there's a lot of product strengths at Lordstown Motors. I mean, other companies may have brand and they may have a history with the consumers. But if you're a fleet manager and you're comparing apples to apples and you've got a 20, 30, 50, 100 item spreadsheet, you're going to plug in all the numbers and you're going to see this is a great truck. It is really a well-designed truck. Now let's move on to the weaknesses. Okay, the weaknesses. The number one weakness is the cash burn. They're spending cash at an accelerating rate despite careful stewardship. So they have really done a lot with the money they've had. They've been very careful with it, but their costs are accelerating. And there's reasons for this. I'm going to go into them later. But they're not, you know, website, web app burn rate. But still, they are burning capital. They have a very limited social media slash marketing presence. There's nobody doing YouTube videos. I mean, you got Twitter and I'm sure Instagram and Facebook groups, I don't follow these groups. Mainly a YouTuber here presently. But they have no presence, for example, on YouTube, very little. Me, Q's views, Angel Investor, a couple other guys, Fredo puts up stuff sometime, but that's it. So they have to push the social media marketing and the way they can do that, solve this weakness is affiliate links and offer people premiums for sponsoring affiliate links as Tesla did. Tesla says they did not spend any money on marketing. They did. It was all their social media marketing, especially on YouTube, you know, the referral links, which eventually got the guy that was putting the links up a free car or free charging or whatever. This is what Lordstown has to, they really, I guess once they get into production and they're able to sell to the general public, which, you know, it's a choice, not a problem. They have to push the social marketing. Their public image is defined by others, they're non-existent. No, very few, this is a complex story. There's a lot of ins and outs. There's a lot of things going on. Like I always say, one quarter equals a year at Lordstown. I'll give you an example of this. Telosive, you know, the guy with the red hair and the beard and everything, who I like. I watch him sometimes. He does mostly Tesla stuff. He's doing a live stream talking about EV pickups. Nobody's, he's mentioned every EV pickup at Lordstown. There's no Lordstown mentions in the car. I type in a comment, what about Lordstown Motors? Lordstown Motors, are they still in business? That's kind of a plane truck, isn't it? No comments. Nobody knows, nobody has anything to say. He knows, he doesn't even know anything about him. He can't even flash a graphic up with a logo. I mean, this is how out of touch the public image is on Lordstown Motors. And again, the product knowledge. The hub motors are hard to grasp. This whole idea of moving the weight to the wheels and the way it works and how much simpler it is and how much better it is, how much better the energy transfer use is, the efficiency, people don't get it. I've made a number of videos on this. If you wanna understand it, I've made them. Once you get it, once it clicks in your mind, you understand what a great thing this is. But so another problem is we got forced executive churn causing needless restarts unavoidable. This has been mostly by political pressure. And this is SEC DOJ. And you know, Tesla had to deal with everything that Lordstown did. But the one thing they never had to deal with was this political aspect. I mean, they had the shorts, they had the press against them, they had the conventional thinkers against them, but they never had to face this political dynamic. It's unbelievable. I mean, the influence this has had, if you remove that political dynamic from this story, it's a totally different story. What I have here, perhaps a strength at LMC, one quarter equals one year. So we may have moved past the entrepreneurial stage, which is true. Steve Burns may have contributed his startup mojo to it. And we may have moved into the professional management stage where we're seeking serious management, serious funding. And LMC has stepped up. They've attracted some pretty top tier executive talent. These guys, the new CFO, I'm not gonna do a video on that right now, but I'm just gonna say, JP Morgan, I mean, the other guy, the new CEO is ICANN, ICONN guy. These are players, okay? So maybe they're trying to hurt him, maybe they ended up helping Lordstown. And I have down here, this is another weakness. And this, again, is political. Considerable government pressure, including federal investigation and a lack of support by the local senator and congressman, verging on hostility. I am shocked by this because you know, this area of the country has a depressed economy. They have limited job growth. There's limited opportunities. This plant was shut down. This area lost many jobs. We all know the story about how Trump was involved with this startup and so forth. All right, well, in my book, That's Past History, I'm not political. I don't believe Steve Burns. I could not find any political comments from him at all. But Sherrod Brown and the congressman who was a presidential candidate who I forget, Sherrod Brown has been bordering on abusive. I mean, he has sent letters, demanding information and it's been shocking and the congressman, listen to this, here's the thing with the congressman. How long have the endurance bait has been running? How about Lordstown Day? Did any of these guys show up to Lordstown Day? Even Lordstown Day. The congressman, who I have a video on, we're gonna get his name later. I forget it at the moment. He just took a ride, his first ride in an endurance pickup truck. You know, I guess he wanted to be, he proved to me that it runs. I don't know, I'm just saying that. I don't know if he said that. But the point is, he did that last week. They are getting zero support, political support. And obviously no pressure on the DOJ politically or the SEC. Because these guys, the congressman, he just, just took a ride, his first ride. How long has that truck been driving around? And Lordstown Day, the biggest event of the company's history to date, no political figures show up at the federal level. So this is what I'm talking about. Now, hopefully this congressman has some nice things to say. I think now that it's, we're one degree of separation away from the Trump input on this. And we've moved from Lordstown Motors to now Foxconn. And so I think that is gonna change everything politically because now the employer's gonna be Foxconn. I think Foxconn is gonna do a great job with the plant. But I just wanted to mention this and I have a video on this, but zero, zero. Really shocking. Anyway, I don't think it should be a political issue. And again, I've said it before, I'm not political. It's a good idea to repurpose these plants that these OEM manufacturers are abandoning, okay? Lordstown sees it, so does Foxconn. They are not stupid, okay? Now let's go to opportunities. Notice where our weakness is. So what do we got? Cashburn, social media, public image, public product knowledge, forced executive churn and government pressure. These are the biggies. These are the biggies. Anyway, opportunities. There's no real competition for the endurance. These are the design I have here. But the hub motors and the solar rear axle, it's producing the only real electric truck out there. And these other companies are spending billions, Rivian and Ford, and they still can't come up with a real truck. And I've done countless, Rivian isn't even, Rivian shouldn't even be spoken of. I mean, it's a lifestyle vehicle. The Ford F-150 Lightning, watch my last video on the handling. I mean, this is not a work truck either. It has a scale in it. I used to work, I used to work some construction jobs and you know what, the guy running the job, he'd say, take that pickup truck and go down and get two pallets of bricks and you'd say, paving bricks and you'd say, well, that's gonna overload a truck and he'd say, hey, I don't care, overload the truck. We gotta finish this job tonight. How are they gonna do that with the lightning? First of all, the suspension isn't gonna happen. Hell, isn't gonna work. And secondly, they have that built in scale. It's gonna record everything. It's gonna nullify the warranty on the truck. How are you gonna work with a truck like that? That's just my two cents. I think the other opportunity is that fleet owners should have a positive analysis. Okay, once these fleet owners get these trucks and they gather all the data, there's gonna be hard data proving the efficiency and the reliability of these trucks and they're gonna have user reviews. So I think that's a real opportunity because we have to get past this business press and the automotive press because they have not, there has not been a single positive story on Lordstown Motors and that is, again, a political issue, I believe. All right, I have down here Foxconn. You know, Foxconn, they're known for quality and they're known for cost controls and they're known for supply logistics. I'll tell you, they're gonna take the Lordstown model that's already been built by Schmidt, the president, and they're gonna make it even better. And I think that their execution is combining these two systems together is gonna be better than any of the OEMs right now building these electric vehicles. Quality will be high, the prices should not increase and part shortages should not be a problem. You know, Foxconn, they bought their own chip foundry. I mean, they know electronics. I mean, they have all kind of sources for components. I mean, forget about it. Okay, again, there's new products and I'm excited about this at Lordstown. It's a quick jump but there's even more than this. There's new products. One would be a one ton endurance, a heavier-duty endurance, and Schmidt talked about making heavier-duty motors and SUV to compete with the Mercedes G-Wagon Land Rover. Okay, just look at their military vehicle. Now take that cover off it and put a SUV body on it. That's the Lordstown Motors G-Wagon. Would it great? It's gonna be tough. Four-wheel drive, you saw it run around that track, an SUV, and it's gonna be a three-row. They already had this in the planning. It was supposed to be the second vehicle but the high-top delivery van came in and that is ready to go. They just have to get the final hard dies to stamp out the parts for that. And I think they have potential as well for other energy projects and products because they have this battery facility. They can build the Lordstown equivalent of a Tesla Powerwall. And we can connect that to a solar. I have a whole lot of ideas about how they could go with a solar, a better solar system than what Tesla has but there's all kind of great things going on there. And the telemetric and cloud-based services and Steve Burns was big on this. This is driving records, all this stuff. This is gonna create revenue streams after the sale. So this is another opportunity and this is in general with electric vehicles especially with fleet vehicles but other owners as well. Okay, they're gonna sell directly to consumers and fleets so it eliminates the dealer infrastructure costs. And let me just go over this. Ford F-150, not a competitor. No solid rear axle. Outrageous charge times. Poor handling, skinny tires, heavy, part wear. I mean, you name it. Cyber truck, not a competitor. 2023, first of all, second of all, we don't even know what it's gonna cost or what it's gonna include, okay? They've taken down all the pricing, they've taken down all the models. Again, not conventional design language. No plows aren't gonna fit on this. Truck racks, toolboxes. I mean, I don't think they're gonna be able to offer a bed off option because it's unibody. Derivion R1-T, you know, listen, four and a half foot bed, you know. Just forget about it. Outrageous charge times, hard seats, poor stereo, heavy steering at high speed. Forget it. So right now, if you're looking for a pickup truck, this is it, not the Chevy Sierra or whatever is gonna come out in 2023, probably 2024. Again, this is gonna be a glorified SUV. It's gonna have independent rear suspension. It's not gonna have hub motors. It's not gonna have a solid rear axle. So really, I mean, for people that haul stuff and work with trucks, this is the only choice. And again, I have here other operations will be SUV base, not a solid axle. They're gonna be SUVs, okay? I mean, they aren't gonna look like SUVs, but under the sheet metal, that's what they're gonna be. International sales will also face no competition in this niche. Now I know that Colm, who was Steve Burns marketing guy, was pitching heavily to the European markets. Many of the European municipalities and inner cities have demands to go all electric. There is no competition from China on this truck. There is no competition with anyone. Again, for people that are looking for a real truck that can do real work, that has interchangeable beds, that is efficient, that can charge efficiently, it doesn't cost $100,000. So I think we can look forward to international sales. This is something that was quietly going on at Georgetown from the very beginning. And I know Germany was one of their target markets. So I think we have a potential for a sales explosion of the endurance. If we can get this deal done, if we can get the capital, if we can get the production spinning up, and it's gonna take a while, the production is gonna start slowly and then gradually increase because that's how you start up a plant. But I don't think, Tesla did so many things wrong in their first plans that their ramps up ramp ups were so slow. I think the ramp up of the endurance between what Lordstown has already done and Schmidt said a truck every six minutes this year, a truck every four minutes next year. Now that's not as fast as Tesla's fastest truck. I don't know what the total build time is. I think Tesla's at 10 hours. I don't know what the total build time is for the endurance. But that's a fast pace and they can produce a lot of vehicles. My stock predictions were based on these production numbers. And they have a, since it's a tabula rasa, you know, blank slate, on Lordstown, they can redefine the brand and the technology. And they're going for this folksy, homesy, you know, aww shucks, shit kicker. I don't know what the marketing push is, which is fine, it's genuine. But, you know, they have to push the technology of this truck and the efficiency and the design and tell people that this is different. It's not like every other truck, it's better. The technology is better and it's unique. But they have the opportunity to do that now. Since, you know, there's nothing out there basically. So let's go on to threats. You know, the SEC and the DOGA are killing them with the SGA expenses. You know, they issue demands for documents, Lordstown has to get it. They're court filings or they have to have lawyers review letters and documents and so on and so forth. This is costing them millions of dollars. Okay. And I think that's exactly what it was designed to do. This is one of the reasons their cash is bleeding quicker than they expected. I think this is the purpose of this. I'm a conspiracy guy. I think it's done on purpose. But that is definitely a threat. And, you know, YAH, the guys that offered the line of credit, I think one of the reasons, and you can look at my video on that, that guy was under investigation by the SEC for six years. And guess what? At the end of six years, totally innocent, did nothing wrong. Spent, I don't know how much, defending himself. Anyway, that's what we're looking at there. That's a definitely threat. I have SEC and DOJ investigations that are diverting energy and focus internally and limiting information releases from LMC. The effect this has had is they're muscling the management. We say, well, they're not transparent. They can't say anything. They're talking about the DOJ's criminal charges. Well, for Steve Burns setting out sales projections, this is ridiculous. So of course the management, they're not gonna stick their neck out. I'm sure their lawyers have told them, shut up, don't say a thing. Anything you say can and will be used against you. So these are having the effect of muscling the management. They're muscling the product information. They're muscling the sales, you know. So this whole thing here, these two combined, is I think one of the major, major threats to Lordstown. And I have here a potential crash crisis, unforeseen black swan event. For example, who knows, a large SEC fine, you know, a $100 million, $200 million fine, because, you know, they didn't put an asterisk in some K-8 or K-10 or whatever statement. The SEC, this could happen, okay? Okay, the political opposition focused against LMC. Again, I talked about the Senator in Congress when it goes all the way up, I'm sure, to their haunts, the people that are running them. There is definitely political opposition focused against LMC, absolutely. And I think this may be changing. And I think this is one of the reasons why the Foxconn sale is a good thing. And I think the new CEO knows this, because it changes the company from the point of interest to being a client of Foxconn. When in reality it's basically the same thing, put a little different sideways or whatever. But anyway, with the recently, with the congressman showing up and taking a ride, that's a big deal that never happened, never happened before. So that's a really big deal. Okay, I have down here unfaithful Foxconn agreement. You know, Foxconn mentioned they're gonna build three EVs. Their whole thing previously was we're not gonna compete with our customers. I don't know if that violates it. There's certainly none of the products compete directly with Lordstown presently. I don't think it's gonna be, look, you have to trust the management, okay? And I went through a little story about the Apex Predators in New York. You know, Icon, the CEOs and Icon, Acolyte, New York Finance. So the guys J.P. Morgan, New York Finance. These guys know what they're doing. They are gonna cut the best deal possible and they're gonna get the financing best deal possible. And again, these guys are Apex Predators. They don't generally get out dealt. So I think it's unlikely that it's gonna be an unfavorable Foxconn agreement. It's fair right now, I think. So, but that's a possible outcome but I don't think that's gonna happen. Pending orders get canceled, unlikely in my opinion because these fleets, for example, all the regulation flows from California throughout the world, environmental regulations, really. Because it's like the third largest economy in the world and everybody is in lock step with them. California, they've issued the state as issued mandates for electric fleets. And they ain't gonna have anything else to order. You'd think they're gonna order the Ford, I don't know. Maybe they're gonna order some test vehicles but the Ford production is not set in stone. They have limited capacities at Ford right now. They have orders for $100,000 trucks. Are they gonna sacrifice all that for their fleet orders? I don't know. Are the fleet guys gonna fall for the Ford stuff? I don't know. I think if anything, the orders that are pending now for these fleets are test fleets that they've ordered so they've already factored this in. And once they find out if these trucks work, which they will, I'm confident that the product is really good. I think that's why I'm most interested in the Lord's time because it's a groundbreaking product. I think that they're gonna order more, okay? Now, another threat, okay, the stockholders sour unlikely additional dilutions. Okay, this would represent a sell-off in disgust of the stock or learning of the stock price, which would limit their future potential to raise capital through loans or stock deals. I think everybody has to accept and you can look at the Tesla model. Tesla didn't stop raising money till a year ago. They raised money for 10 years. 10 years, probably 10 years. When you're in the car business, and don't get me wrong, everything is matured since Tesla. And of course, this Foxconn deal, I think it's gonna accelerate everything having to do with the Lord's time because Foxconn, this new CEO, has said we wanna move quickly, establish a position and gain market share in the EV space. They are not kidding around. They basically have unlimited money, unlimited resources. This is a market they wanna enter. Lord's time is their pressure point. And I think they wanna look good on this and they wanna perform well and it's gonna set their brand image in America with EVs and I think it's gonna really kick everything in the high gear. But the point is, this could also happen. And because I think everybody needs to know that there's gonna be ongoing capital raises. I think from my understanding, the way this deal is gonna work, there's a bill of materials, which is the parts for every Lord's time endurance, which is one of the shortest bill of materials there is. Now they're building the motors, they're building the battery packs, so those are excluded from this bill of materials. They're gonna supply those and they're gonna supply software and so forth. So Foxconn is gonna supply this other bill of materials, whatever the costs are, and they're experts at keeping these cost ins and these are the brake systems and the stamp parts and so on and so forth. And this is how Foxconn works. The cost of each unit produced for Lord's time is gonna be the bill of materials, which is what makes the truck. And I don't know if Foxconn marks up any of this. I don't think they do or they might marginally or they may own some of the companies, but I think it's really pretty cut and dried. Anyway, the bill of materials is gonna be one cost that Lord's time is gonna have to pay, the parts that build the truck per unit and that's excluding the battery and the hub motors. And then on top of that, Foxconn charges a fee for producing each unit. So whatever that manufacturing fee is $1,000, $5,000, whatever, that's what the cost is gonna be to Lord's time. So the bill of materials, less battery and motors and the fee that Foxconn charges to build the endurance and then they're gonna have their margin. And I thought their margin was quite high according to my calculations, but you got to look at it this way. They would have paid for the parts anyway. They're making the batteries, they're keeping control of the intellectual property. The fee that they're charged per unit, that involves labor, upkeep of the plant, running the line, making sure supply lines are flowing, making sure the parts are in supply. I mean that fee charged by Foxconn covers a lot of things. And I think in the end, that may actually be cheaper. That may be a cheaper way to produce this vehicle than conventional manufacturing because they're specialists in these other fields and combined with the specialties of Lord's time motors and the design and engineering, I think this is a win-win deal. I mean, people are seeing it. I mean, they bought the plant for 20 million and they're selling it for 230 or whatever plus stock. I think it comes to about 300 million. They put 400 million in the plant. So there's 420 million in the plant. They're keeping some of that. The frame shop is a questionable. I think they're gonna give up the frame shop but the battery line and the motor line which are the most expensive components they're keeping. So you can go anywhere you want with the deal but I think this structure, this way of building cars which is the same way that Apple builds phones, it's already a proven business model. I think this could really change the way electric vehicles are made because what the OEMs used to have, they had proprietary technology and intellectual property and drivetrains and engines and transmissions and cooling systems and these types of things. Oh, that's out the window now. All those things are obsolete. Anyway, those are the threats I see. Let me come to the conclusion. We will need to evaluate Foxconn deal after November 21 earnings call. A fair favorable outcome is likely in my opinion. Any other outcome changes this analysis. So I had done a stock price evaluation. I'm gonna stick with that and that is after production and sales start that the stock goes up now. I did a little finagling on that. I'm predicting there was a range of prices between $100 and $120 a share. I'm gonna stick with that until we have more information on this deal. As I said, this may be actually be a cheaper way for Nordstein Motors to produce this vehicle, having all these expenses and operating overhead and OPEX going over to Foxconn. But we'll have to see what this deal is. They're gonna, you know, because of SEC and DOJ, next month, middle of the month, they're gonna do the earnings call. That's what's gonna tell us what's going on. I think they will certify the endurance in 2021. I think after they get this deal signed in November, well, they have till December. Well, I guess we gotta give them a little slack. So let's say early 2022. But I think they could, let's say I think they could certify fully for production the endurance in 2021. It's gonna be very close. And again, it might just dribble over in the next year. I think it will ramp up production in 2022. I think, no, Ford is supposed to also be starting then. Cyber trucks out the window, Rivian's already up. They're gonna devote all their production to the high-top van they're banking for Amazon. They aren't even delivering any trucks right now. So we're gonna be up against the Lightning, which I think they're gonna mostly produce for the first year or two. They're gonna just fill these $100,000 orders they have. I don't know. Are they gonna sacrifice those sales for the fleet sales? I don't know. Their fleet sales were down 26% the last recorded quarter. So their fleet companies aren't necessarily happy with them. And again, I mentioned about the California electric fleet requirements. And again, these guys have spreadsheets. They're numbers guys. They're gonna look at every parameter and they're gonna decide what's the best deal. And I think the endurance is. Foxconn will reduce the world-class vehicle and maintain margins for LMC. There you go. They're gonna be high quality and the price of the endurance is not gonna go up. Will it go down? I don't know. But right now, this is looking great for Lordstown and I think Foxconn is a great partner. Now, I don't wanna go too far ahead on this, but if they pass the union requirements for the additional tax credit, Lordstown was union, could go union again. They may vote a union in. Foxconn, I would say is neutral on unions. They have worked with unions in the Czech Republic. They've had some mixed results, but they will tolerate an union, okay? They're not anti-union. They're not gonna shut down the plant and tear all the stuff out of the wall because there's a union. They're willing to work. They have shown, their past history has been that they have shown that they're gonna, they have worked with unions. Now, the thing is, will they get a union or won't they? I don't know, when? I don't know, but should they get a union and get this extra tax credit? And there's $12,000, I think that's $12,000 plus any local tax credits or fleet tax credits, whatever may be applied. This could be killer, and could be killer for the endurance, could really lower the price. Capital raises will continue. So again, guys, these car companies, they always need $500 million, so just pull your socks up and get over that. I think LMC will have significant international sales, fleet sales to municipalities in Europe, in Germany. I think the truck size fits the roads there. The four-wheel drive, I mean, the whole thing. And with their higher voltage systems, the charging is even less of a problem there. But I do believe for municipalities and fleets, in any case, I think there's gonna be significant international sales. The political climate is cold, but getting slightly warmer with the new CEO. So the new CEO, he was gland-handed with the congressman out there, it is getting warmer. The ice is thawing, has it thawed? No, but it's better. But it's still, it's not as cold as it was. The SEC and DOG will continue to drag on investigations and be LMC capital. This is gonna be a given. I don't know how we can get this to end. I think once we change the political climate and get the congressman and the Senator Sherrod Brown on the side of Lordstown Motors and move past this whole issue of former President Trump being involved, because that, I think it's childish, but I do believe that's the issue. But moving on with new management, not associated with Trump, and moving on with a new company taking over Foxconn, not associated with Trump, I think it's getting slightly warmer. Maybe we can call off the docks. All right, that's it, guys. I just wanted to say an acknowledgement here. I am not a financial advisor. This is not financial advice. This is a business case study on the myth of entrepreneurship in the USA. Ride is both a risk on and high risk. Risk on means it's in a risk on market. It's not when everybody's going to buying grocery store stocks. This is when people are speculating on new businesses. That's a risk on market. And it is a high risk investment. So it's a high risk investment meant to be in a high risk market. So it's double risk, risk squared. LMC is a pre-revenues back with no sales presently and it faces ongoing capital needs, which sounds bad. It is a startup, but it is what it is. To invest and ride, you must understand and accept these risks, okay? Conduct your own due diligence and seek the advice of an investment professional, not kidding, okay? Ride has a high reward potential, but could also result in catastrophic loss for any investor. You know, the stock price is falling right now. Who knows what could happen? This stock could be delisted. They could run out of capital or things could go another way. Certainly there's a lot of, a lot of irons in the fire. We're gonna all see what's gonna happen here. Anyway, just remember, catastrophic loss is a possibility here. And here, never invest more capital than you can afford to lose. And this is especially true in ride. I just wanna explain that to everyone. Now I have, please subscribe to the MXUX channel. I'm bringing you this information. It doesn't monetize at all. There's not enough viewership on it, but I like bringing it out. I support the stock, I support the company. The round circle with the Paul trees is the subscribe button at the end of the video. Try to subscribe guys. I got some things I'm gonna go over here. We got the Lordstown chart. We got the endurance. There's a great new video on that. Some great new video on the solid rear axle. Congressman Tim Ryan, that's his name, riding in a Lordstown truck, Foxconn and Foxconn EVs. So let's see if we can get to these videos here. Here we go. Lordstown motors, okay. Oh, wait a minute, I'm trying to go full screen here. There we go. Here's the ride chart. And this is the chart for one year. Let's go one day. Here we are. We started at 5.02. Looks like 493 is the up Bollinger band, 49 is the lower and 491 is where we are right now. So that's a typical day trader chart, program trading chart when it dips out of the Bollinger band they buy, when it goes above the Bollinger band they sell those. So this looks like just average trading. I was looking at the buys and sells institutional, everything split even. This is a total toss up, okay. This is a toss up guys. This is a toss up. Now let's see if we can go here. Now this is a pretty great, great video of this guy. And this is new video of an all black endurance. Take a look at that truck, how bad ass it is. It looks fucking cool. Oh, I said, I'm sorry. Oh, jeez. You have a beta bill of the Lordstown endurance in all black, which looks sick. Now this Lordstown endurance is going to be built in Lordstown, Ohio. It's a fully electric pickup truck. And what's so unique about this is that it has four hub motors with about 150 horsepower on each wheel and it has ultra high powered all wheel drive and just offers a lot of functionality for an electric pickup truck. Super excited about this. This truck will not be available to the public. It will only be available via fleet, which is really cool. We definitely need to work on electrifying our fleets. If you're interested in more about the Lordstown endurance I'll include a link in the description. Until they go public with the sales. Four more. That's just a matter of time. Okay. I thought that was some great, great footage. Let's see. Now let's go here. This is a new video, which shows very clearly the straight axle, which I'm talking about, which none of these other trucks have. This is the best video footage of the rear axle on the endurance I've seen. Again, these trucks are out moving. They're making these trucks. They're coming off the line and they're driving them and they're riding them and... Okay, I'm going to pause this. Okay. This right here, that is the straight rear axle I'm talking about. And these are lead springs. It's a truck. You can load it up with stuff. It's not, it's not got airbags and giant springs and SUV suspension in it. Let's replay that and watch that closely. You see that axle? Look at that. This is the key to the success of the endurance. Anyway, they show the battery pack. This battery pack, by the way, is totally replaceable and upgradable as are the wheel motors. The wheel motor can be taken off in five minutes and replaced with normal hand tools. Anyway. Oh wow, that's a big battery. Okay. There's that one. Now, this is also new. Now this is Congressman Tim Ryan. Who was, excuse me, right around here. So we can go up to about 45 miles an hour. He's looking for a lot of growth around the former GM factor. He's got to spend the full most recently of Lordstown Motors this month. Congressman Ryan took his first ride in their electric pickup, the endurance. Now he also talked with the executives of the company Congressman Ryan believes. Sorry about that. That was another test drive. This is the video about Congressman Tim Ryan who two years after this, that was a bit of a cock up there. Sorry guys. Gonna restart this now. This is a video of Congressman Tim Ryan when he is finally riding for the first time in the endurance after it's been on the road for two years. The local Congressman, the first time, took up two years to get in the truck. That's how strong the political pressure is against Lordstown. Valley Congressman Tim Ryan says he's looking for a lot of growth around the former GM factory. Spend the home of course recently of Lordstown Motors. This month, Congressman Ryan took his first ride in their electric pickup, the endurance. Now he also talked with the executives of the company. Congressman Ryan believes Lordstown Motors new partnership with Taiwanese manufacturer Foxconn brings lots of potential. And if you look at the fact that there's 600 jobs at Lordstown Motors already, there's a Fisker wants to build 100 and 150,000 cars a year the potential there plus Foxconn and plus Lordstown Motors moving into production. Lordstown Motors executives tell us production of its electric pickup should get underway early next year. Okay. A big leadership shake up. All right, now let's just go to over here. And I'm sorry, I'm not doing a very good job with these. There we go. Now this is just a video of Foxconn vehicle technologies. This is to give you an idea of the backend of cloud based stuff Foxconn is doing. And this is what they're gonna use their Minnesota facility for is you're gonna put like a Amazon web services center in there for their cloud based stuff. They may do production there, who knows. But this is one thing that they're looking to put into Wisconsin. So that is there. By the way, I just wanna stop that. Let me take that back for a second. Wait, one second. I just wanna show you something. Tesla is not the only one that's using castings in their production. This is a casting. This front end is a casting. This rear end is a casting. Now there's a little more stamp metal in between the two. The battery pack is between them. Foxconn has leveraged their casting technology that they developed for making the casting for frames for iPhones and they're making a skateboard and they're using castings. Will they employ this in the Lordstown truck? I don't know. But just to let you know, they are cutting edge. They have castings. This is not just Tesla. They have it. You can look this up on your own. It's more than is shown here. Okay, they're just talking here about their automated self-driving program, which is gonna be open source, 5G over-air updates. Again, totally connected vehicle, diagnostics, you know, safety breaking, so on. This is all stuff that we all know about now, but I just wanted to let you know this may end up in the Lordstown Endurance quite easily. All of these systems, in addition to whatever systems Lordstown has. So it's really quite a possibility that this is gonna be implemented into Lordstown Endurance as well. And again, those castings, those are castings. Okay, I thought that was a very interesting video. And this, I'm just gonna close with this. This is the new Foxconn vehicle. Now, their last policy under the old CEO was never to compete with customers. Technically, they aren't competing with Lordstown yet because they don't have a pickup truck, but this is a body by Pinaferino, which is the Italian design firm that used to design all those really hot Cadillacs back in the day and the Cadillac, I wonder what the heck was the name of the Cadillac, Elante or whatever. Anyway, Pinaferino, famous for coach work, really high-end design and manufacturing of vehicles. Anyway, I'll just play this real quick. This is just a minute long. This is that skateboard that I just showed you in the last video, a video, and also the control and self-driving systems married to this body by Pinaferino, the Italian design firm, and Foxconn is gonna put all this together. Could be a great car. Let's take a look. I think they're gonna sell these in Singapore first. I believe that's where the factory is. Perhaps Thailand, maybe mainland China, maybe rebranded in the United States, maybe not. Who knows? Nice looking car. I like the front end. That's a bus they're gonna make and electric bus. Here's the vehicle again and Pinaferino design. So they've got these two vehicles and they're talking about a hatchback like a crossover vehicle as well. And pretty interesting. So there's not just Tesla out there. I think these guys are gonna give Tesla, you know, a run for their money, that music. Anyway, I think they're gonna give Tesla a run for their money. And they're very serious. And that CEO, I'll tell you what, he did this speech, I was watching it, he goes, we are going to move quickly to, they wanna produce, you know, 20% of the electric vehicles in the world in five years or whatever their goal is. It's crazy. But that's it guys. I'm gonna put a close on this video and thanks for watching. I'm very excited to hear about the conference call. I'm very positive about everything despite the price of the stock. I'm giving the new leadership my confidence and let's see how this deal goes. It's very exciting. So thanks for watching. This is MXUX. Please subscribe, comment and like. I need you. I need you to subscribe if you wanna keep getting this info. All right, later.