Lordstown Motors Just Became the Hottest Electric Vehicle Stock

Lordstown Motors just became one of the best electric vehicle stocks to buy. And it all has to do with a little thing called a special purpose acquisition companies (SPAC). Special purpose acquisition companies (SPACs) have become popular this year. Otherwise known as "blank check" companies, they are formed solely for the purpose of buying an existing company using funds from an IPO. Market uncertainty during COVID has resulted in a weak year for IPOs. So these companies have been seen as a profitable alternative. Today, we're going to discuss what may or may not be one of the most interesting SPACs to come out of it. The post Lordstown Motors Just Became the Hottest Electric Vehicle Stock appeared first on Money Morning - We Make Investing Profitable . Read more... To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.