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Lordstown Motors Stock Is Cratering Again News From Foxconn Is to Blame

Shares of the EV maker fell about 23% on Monday after the contract manufacturer said Foxconn was in breach of an investment agreement.

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Lordstown Motors Warns of Bankruptcy if Unable to Resolve Foxconn Dispute

Foxconn says EV startup breached contract by letting stock slide, threatens to walk away from funding deal

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Carvana Lost More Than $800 Million in the Last Quarter of 2022

Plus, Audi and VW's revived Scout building vehicles in the U.S., Hyundai's child labor problems, and of course, Elon Musk's tweets, in today's Morning Shift.

United statesSouth carolinaSan franciscoAlex spiroErnie garciaAllgemeine zeitungElon muskAlain prostJaehoon changMark jenkinsMarkus duesmannUs circuit courtMagna internationalExchange commissionInternational harvesterVolkswagen group

Asia-Pacific Markets Up as Shares of Apple Suppliers Rise; Russia s Rusal Jumps

Apple is reportedly planning a hardware subscription service for iPhones that could launch as soon as the end of this year.

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Hong Kong s Hang Seng Index Drops 4% as Investors Monitor China s Covid Wave; Oil Prices Fall 3%

Hong Kong’s Hang Seng index dropped 3.81% by the afternoon, with Chinese tech stocks in the city taking a beating.

South koreaZhaopeng xingInternational energy agencyResearch raymond yeungHang sengHang seng techRaymond yeungInternational energyL 1Co 12317 tw3690 hk00 hkAlibaba group holding ltdSia marketsSia news

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