 Hi, this is MXUX. I just want to go over this, you know, is Lordstown Motors Becoming a political football so on July 2 right before the long weekend The Wall Street Journal, of course Made an announcement that the department yes the Department of Justice in Manhattan is investigating Lordstown Motors. No No Background on what exactly is happening. It's just that they are investigating it. So Great to have that happen and have this blurb come out On July 2, okay Right before the long weekend where no one's gonna hold the stock over the long weekend with this coming out And it's a nothing report But of course the Wall Street Journal Now in addition to this know where the options on Friday This is Lordstown Motors July 2 $9 strike price 10,000 contracts fat fantastic amount. So, you know, is there a leak? Are they playing inside baseball Wall Street? Duh Maybe the Department of Justice needs to investigate this. I mean Anyway, this is just seems to mean to be such a setup and a way to Take this stock price down going into the holiday weekend. It's so obvious and You know who leaked it. That's what I want to know Now I am going to assume this is over the The orders, okay The you know the misstatements about orders from Steve Burns, you know, well, well, they're not pending. They're confirmed You know, we all been through this. I Don't think there's that they are there. I think they're really parsing things out And there's no intent to sell. I just want to make one thing clear Steve Burns is the largest stockholder in this company. He didn't sell out. So he didn't pump and dump. Okay to best of my knowledge so now here is this is the president of Lordstown Motors and Schmidt Right here June 15 totally backing up with Burns said we have enough orders for production of 21 and 22 Binding orders that were committed here in the last two weeks. These feats are not going to wait around To buy these trucks. This is basically what Burns said I mean, you know, they shut him up and they pull it a retraction on this because they're under investor They're under the boot of the SEC and the DOJ now But both of these this guy's a professional. You think he's gonna make this up. Really? Are you kidding me? 21 into two years of production He's gonna fabricate that It's ridiculous Anyway The point is this is with the DOJ. Why don't they like I say right here Why don't they just let them launch and see if they have the orders or not and Then if there's no orders, then they got an investigation if they got orders the whole thing's moot. I don't understand it They're driving the stock down. I mean it looks to me like Wall Street and big business It's twisted some arms at the federal government and they're they're taking this whole thing to the next level and you know I got Jack Maul and Bob it down here. You know Jack Maul was removed by the CCP from We're not removed but retired from all about and you know American business You know they You know the press we're commenting on how terrible we're doing the same thing to see Burns. Okay in my opinion. I mean It's ridiculous anyway Moving on from this so okay Everything conveniently launched said released at the exact right time to damage the stock the most put options in place Steve Schmidt has confirmed the orders. Why don't they just let okay? We've been through this before now. This is Tello ease he just put this out Elon Musk and I'm gonna pause his video. I don't want to rip him off here. I just wanted to he's got the tweet here, but we've all seen of We're adding rear-wheel steering to the Cybertruck. All right and by the way, this is a great channel. I watch it He's got he's a very good Reporter and I do like very much what he does. Anyway, I'm just Stealing this tweet from him. I encourage you to check this out for all your Tesla news. He's great. Anyway They're gonna have rear-wheel steering. What did I say about independent rear suspension? I've been saying this right along I saw pictures of the Cybertruck with solid rear axle. I couldn't attribute them to anyone or any date I don't know if they're real or not But the point is this is a 20-foot long truck and a Under these conventional drive methods When you have the axles you have the CV points you have the the drive shafts and so forth It limits The way how far The wheels can turn mechanically because they have to make that mechanical connection with the motor which is inside and the wheels They're on the outside. Okay, and this is this Cybertruck is 20 feet long They have to have more maneuverability to back this thing into a charger or whatever it won't fit in a normal garage But the point is I think they also are doing this so they can put a solid rear axle in this truck And I just want to say All you guys in order to cheap Cybertruck. I don't think you're gonna get it for a long time This is gonna increase. This is gonna be a massive increase in production costs They're gonna have to re-engineer that they're probably gonna put a solid axle in they're gonna have all these steering components For the rear motor version. They're gonna have to have drive shafts so on and so forth CV joints It is going to dink Their low-cost models perhaps the low-cost models won't have this in it, but I think you guys in order to the low-cost Cybertrucks might be a long time before you get them, especially with this development. This is gonna add Another level of complexity what 300 parts 500 parts whatever to the truck now I just want to go over The endurance and why it's a better engineered vehicle Double-decker dream is a guy who's doing videos out at Lordstown He had a he had a van parked out there and he had a drone and he was he shot a lot of great great great video and this is one of his videos here and I'm just gonna go to it real quick and And Let me turn this off here. I just want to show Here it is. Look at these serpentine turns Can you see how the Cybertruck you see how small the turning radius is? That's because Look at this This is because and they aren't even trying here This is because they I'm gonna shut that off now. I'll check out double-decker dream very good That's because The motors are in the wheels. There aren't CV joints and universal joints constricting the movement of the wheels those wheels can turn more the front wheels can turn the steering wheels can turn more When you're the Cybertruck when they've got all this Mechanical apparatus connected to the wheels it limits how much they can turn that's one reason wait till they put the torque vectoring on the endurance It will even be more agile so all And it has a solid rear axle already. It's just a better engineered vehicle. I'm sorry. I like Tesla I'm a Tesla fan, but I'm just saying as pickup trucks go. I think Tesla is a whole another Type of vehicle. It's a whole new class of vehicle. I don't believe it's a pickup truck I think the endurance is the best engineered electric pickup truck the only one right now Rivian I just want to just give an update on Rivian. This is the forward-backed This is from June 1, but the point is They're supposed to be delivering in July. They've they've delayed it again They have four motors on each wheel at least on their high-end model I'm sure they're facing the same kind of problems that the endurance is that the Cybertruck's facing again They have inline motors. They have driveshafts. They have CV joints that limits the amount those wheels can steer They have torque vectoring, but it's mechanical torque vectoring the Which is slower to respond and More clunky than the electronic torque vectoring and the endurance get a better Engineered truck and again this also does not have a solid rear axle I think that's part of the problem they're having there too But again, this is the forward-back Again delayed again, and they do not want this endurance to come out Okay, now we have here The Manhattan DA charges Trump now this is I just want to pause this video. I don't want this to play We got the Manhattan DA all over Trump Evidently he avoided some federal charges because of Being president. I'm not political my political views are off the spectrum. I think we should be Releasing the information on UFO technology and putting it into electric vehicles. That's where I'm at. So I'm off the spectrum Anyway, the point is The Manhattan DA is all over Trump. They're trying to flip the CFO They want to get him again the feds. We're looking into this. So it's Get shorty get get Trump. They're after him in New York City The political machine I think in America is after Trump Seems like they want to cripple any Future political aspirations he may have be that as it may again. I don't have a dog in this fight. This is not a political Channel but This is what's coming out of Manhattan Wall Street journals out of Manhattan these stock. I mean Here's the thing this is a review of the Lordstown in I mean the excuse me workhorse Truck this is the endurance. This is the endurance before it was the endurance. This is that workhorse I'm just making a point here. This is from 2017 the review is from 2017 Steve Burns was working on on The workhorse long before I mean the point I'm making here is this was in development long before Donald Trump ran for president became president or anything else, okay? Now the where Donald Trump did get involved is Again, and this is May 2019 he jaw-boned the General Motors shut down this Lordstown plant and evidently Trump got on the phone and got Mary bearer and told her or whatever and Got up to sell this plant Trump was deeply involved You see this is from Trump blah blah blah great news for Ohio Donald Trump. This is May 8 2019 Okay, and So Trump had his fingerprints all over Lordstown the Lord's time plant to workhorse. Okay, so Donald Trump was all over this New newly formed entity led by Steve Burns. So he's taken the See Electric pickup truck likely to be the extended range pickup in two so so 2016 so the point is and it was in development long before that Burns had this going way before any of this happened And I think it's a very interesting story How Trump got involved in this why Trump got involved in this how workhorse got involved in this Did Trump see a blurb on TV about this plant closing and decide to do something? Is there some relationship? I have done background work on Steve Burns I found absolutely no political commentary from him whatsoever. I Don't I don't believe he's political. Maybe someone can find that I don't believe he's connected in any way to the Trump Organization Why this truck was picked and why you know, this may all be a political effort on Trump's point But the point is Trump's fingerprints are all over this it doesn't mean it's a bad idea and it doesn't mean It's not a good use of resources and it doesn't doesn't mean that it's not going to give us a lead in the EV market but The thing is It's just is this turning into a political football Are they now now these guys in Manhattan? Okay, the Manhattan DA was going after Trump they got they're going after all his people They were going to do federal charges. They couldn't get federal charges because Trump was president so on so forth now these same now that the Department of Justice in Manhattan is Investigating Lord's Time Motors. I Don't know why what's the link? You know, is it Trump is Trump the link? I Don't know. Is this turning into a political football? I don't know. I'm I'm beginning to think it is and again, this is an article really good article from the from the The Guardian now, this is the state attorney general in New York So blah blah blah they couldn't get We have informed the Trump winner that our investigation is no longer purely civil in nature So they're going after criminal charges in New York on the Trump organization Trump. Are they? And the Department of Justice, which is federal is looking into law center. Are they going to criminalize? burns I mean Is this turning into a you know, you know get shorty situation where you know, they don't they don't want Trump to have any Victories in this. I don't know it looks like it to me. I don't I personally I Just want to see the truck mate. I I don't care about any of this and again What we've got involved now investigating Lord's time is The US Department of Justice these guys don't fool around when they open a case they generally prosecute and they generally win They win 90% of their cases So they're going to criminalize some activity at Lord's time probably or Want to And it's likely to be these orders or so forth and they but it looks like they're going to go after Steve Burns in my opinion I think it was sad now. I just want to make a point first of all they're talking about Pump and dump I don't know if I went over here the Yeah, Steve. I just want to mention this if I didn't mention it before mention it again Steve Burns totally reiterated what I mean the president Schmidt reiterated exactly what Burns said You know evidently they don't want to let them make the trucks because they don't want to be proven wrong I don't know. I don't know if this is true or not. But anyway, the point is there seemed to be a lot of Similarities here now. I just want to go over as the final statement on this I'm The insider selling now. I did a thing in a couple videos ago about the insider selling That took place at Lord's time on these guys, you know The top executives there you got to realize they took a high-risk position Sure, they got paid but they got families. They got kids in college. They got homes to pay for when this The postal Contract did not go through for workhorse This was a big blow I think that both ride and workhorse stocks because the companies are so closely linked workhorse owns 10% of ride and I'm sure that the workhorse vehicles were going to be the postal vehicles were going to be built at Lord's Town and When that deal didn't go through and I think that had a lot to do with Lord's time bringing up the high top fan when that didn't go through Reverberated Throughout everything and I think a lot. This was my rationale for a lot of the insiders that sold Cuz they you know like I said They got it they got things to pay for their insiders. They did it publicly. It was all above board But I believe that was the motivation. I don't think it was any pump-and-thump scheme Over the sales figures or anything else. I think in my opinion But I just wanted to Reiterate on this Not only did the insiders sell Kathy Woods Ark invest 1.5 minutes, I don't even think this is the total amount she sold They bought so much workhorse. They bought it all the way up all the way up and I think that You can see here Where they're at workhorse right here, but it was in several of her funds and when They did not get the postal contract Kathy Woods sold everything in two days massive loss so Was it just insiders that sold it was outsiders that sold on that news? I mean You know you can investigate it. These are the sorts. I don't have access to all the insider sales and everything I don't have that capability in my opinion if somebody has a better explanation. They can Put it in the comments, but I would just like to add on to this that At the same time these guys were selling this and all this was happening the board of directors gave Steve Burns a massive gift of stock that Actually made him the majority holder in the company and I don't believe he has sold that stock After that they dismissed him, but you know again this statement over sales, which is you know Is this Jack Ma all over again? It's just turning Super political. I don't know you guys You Can let me know in the comments what you think I think it's turning into a political football I think it's damned the torpedoes at Lord Stonemotors. I do believe that Schmidt is gonna drive a Hit the home run like Babe Ruth and they are gonna get the trunk law of the truck off in September no matter what and I Think that this is turning into a political It's becoming political in my opinion Or there's a political taint to it. Let's put it that way and I Don't know. I think if they if they allow this to Come to fruition this production. I think Steve Burns is probably gonna be true proven To have told the truth or very much the truth very nearly the whole truth perhaps, you know As I mentioned in one of my videos, you know There's a distribution under a curve. There's a right tail. There's a left tail Of course, some of the sales aren't gonna come through but anyway That's my two cents I'll put a close on this video Let me know what you think. I Think it's turning into a political football. I think Steve Burns is becoming Jack Ma And Lord Stonemotors is becoming Alibaba. What do you think? I think it's gonna be I think the president Schmidt and the temporary CEO Are gonna make this happen and I think this trunk is truck is gonna launch and I don't I don't know It doesn't look like Rivian. It's gonna make it. So I do believe it's still gonna be the first truck I think it's the best TV. I think it's gonna give us a Leg up on the entire world And we're gonna be able to export this truck everywhere all over the world because it's gonna be the best technology Electric pickup truck in the world and the first one. I really believe that I think they're gonna get it off Let's see what happens with all this political stuff. I don't know how this ever became a political issue All right, I'm gonna close this video out. Thanks for watching. I hope you guys like the video Hi, everybody. This is Mx ux. I am just closing out this video Just want you to know I think Lord's Town is gonna do production do or die I think Schmidt's gonna get everything done the president I think they have everything they need to actually get this truck out the door I think it's a better technology than the cyber truck and the Rivian and the Ford f-150 And I think if it ever gets made and I do think it will get made I think Dan the torpedoes they're gonna make this truck and get it out And I think the proof is gonna be in the pudding at that point. I do think this is starting to get political and And I think Tim Ryan the congressman ought to get involved But in any case this is a high risk Investment guys it could could result in catastrophic losses So you've got to be mindful of that if you're investing. I hope you like the video Thanks a lot for watching