Lordstown Motors (RIDE) Stock

Lordstown Motors (OTCMKTS: RIDEQ ) stock is in the red today as investors await the July 31 bidding deadline for the once-promising electric vehicle (EV) maker. What's up with Lordstown lately?

Bankrupt Lordstown Motors must face trial over a rival carmaker's claim that Lordstown vehicles include stolen technology, a U.S. judge ruled Thursday, dealing a blow to the company's hopes for a quick bankruptcy sale.

First-half US corporate bankruptcies surged to the highest level since 2010, data from S&P Global Market Intelligence shows. Almost 3,000 firms folded up in the last six months, a 68% jump from a year earlier, according to Epiq Bankruptcy.

Investors in Lordstown Motors (NASDAQ: RIDE ) stock will want to keep an eye on the company when July 7 rolls around. According to a filing with the Securities and Exchange Commission (SEC), shares of RIDE stock are set to be delisted from the Nasdaq Exchange that day.

Lordstown Motors said on Thursday it had received a delisting notice from the Nasdaq, days after the U.S. electric truck maker filed for bankruptcy protection.

U.S. electric truck manufacturer Lordstown Motors began its bankruptcy case embroiled in litigation, laying out disputes with estranged partner Foxconn, rival electric vehicle manufacturer Karma Automotive, the U.S. Securities and Exchange Commission and several investor groups during its first court appearance.

Lordstown Motors' (NASDAQ: RIDE ) troubles reached a boiling point yesterday. The troubled automaker has been watching shares decline for months.

Electric truck manufacturer Lordstown Motors filed for Chapter 11 bankruptcy while also suing FoxConn over a failed deal. Yahoo Finance Markets Reporter Josh Schafer details the automaker's declining stock and its lawsuit with FoxConn.

The bankruptcy of Lordstown Motors Corp. could herald further disruption in the electric-vehicle market, according to Louis Navellier, chair and chief investment officer at money-management firm Navellier & Associates.