Nu Ride 경영진
경영진 기준 점검 1/4
현재 CEO에 대한 정보가 충분하지 않습니다.
핵심 정보
Alex Matina
최고경영자
US$532.6k
총 보수
| CEO 급여 비율 | 20.56% |
| CEO 재임 기간 | less than a year |
| CEO 지분 보유율 | 0.2% |
| 경영진 평균 재임 기간 | 데이터 없음 |
| 이사회 평균 재임 기간 | 2.2yrs |
최근 경영진 업데이트
Recent updates
Seeking Alpha • Oct 17
Lordstown: Anticipating More Capital Raising Through Debt
Summary Lordstown Motors, a target for short sellers and riddled with scandals, have found themselves needing more capital. The problem stems from the management of the company, which would require some turnaround time. Based on our base-case valuation, we think that the company still has significant downsides, even without raising any more capital through debt. About two years ago, Lordstown Motors (RIDE) completed a reverse merger with a special purpose acquisition company to be listed on the NASDAQ. Since then, the company's stock has fallen more than 91%, leaving early investors with heavy losses. Despite EVs being a strong secular trend in time to come, we think that RIDE has more room to fall, given the company is most likely to raise capital from the issuance of debt or equity, or a combination of both. Problems with the company Since the inception of the company, the CEO has been changed twice in less than five years; the first one being Steve Burns, voluntarily leaving the company that he founded a week after amending its annual report with the SEC, stating that the RIDE is at the risk of bankruptcy with insufficient funds to begin commercial production of EVs on 8 June 2021. Subsequently, Daniel Ninivaggi was appointed to help steer RIDE out of bankruptcy in August 2020, after having a successful stint supervising the restructuring process of the Hertz Corporation (HTZ) out of bankruptcy as a director from 2014 to 2021. Naturally, investors would think that the same ripple effect would be replicated again. Unfortunately, as we have noted in our coverage of Foot Locker, a change in management might not solve the issues faced by the company if the root cause has not been resolved. As such, the share price briefly rebounded 21% before continuing its downward spiral. Finally, Ninivaggi moved up to become the Executive Chairman, appointing Edward Hightower as the current CEO to date. The root cause was rather apparent to everyone but the insiders: no one was an expert in EVs. Starting from its founder, Burns is more of a serial entrepreneur than an industry expert in EVs, despite founding Workhorse Group (WKHS). Remember, WKHS specializes in electric mobility in the last-mile delivery sector, not in the production of electric automobiles and how to ensure profitability. He founded iTookThisOnMyPhone.com, MobileVoiceControl Inc, AskMeNow, PocketScript, Over The Line/AdLink, and the design and development of Suspension Parameter Measurement Machines throughout his career. Next, Ninivaggi is more of a businessman with a proven track record at Icahn Enterprise (IEP), although serving at Icahn Automotive Group for slightly more than 2 years. That is simply insufficient to even understand the entire supply chain of automobiles and how to better improve the efficiency of the vehicle, increase profit margins, etc. Resume for Edward Hightower (LinkedIn) We think that the current CEO of RIDE may be the person to turn things around for the company. Given his extensive automobile industry experience and engineering background, RIDE could finally turn things around. However, the company faces another set of issues beyond corporate governance - cash. After the company announced that it has begun production of the Endurance, its flagship electric pickup truck designed for commercial-fleet use, the company has built two trucks for customers thus far. It expects to complete a third truck shortly. The company aims to deliver about 50 trucks to customers by the end of 2022 and up to 450 trucks in the first half of 2023, as the first batch of RIDE's saleable vehicles. We think that this lofty goal is rather unachievable given their current progress and the supply chain constraints of automobile parts in the market. Based on the company's current projection, it expects to burn about $41 million and $85 million in the third and fourth quarter of this year, leaving RIDE with just $110 million cash on its balance sheet moving into 2023. If the company requires approximately $126 million to produce 50 EVs, it would require significantly more to finish the remaining orders in the first half of 2023. Valuation We think that the company would need to raise another $1 billion in capital to build out the remaining orders, projecting the CapEx to be linear with the current Q3 and Q4 projected spending. This would most likely be funded by the issuance of notes, which is a form of healthy debt after its $13.5 million notes payable to Foxconn should be paid down by the end of the year. RIDE Cost of Equity (Author's Spreadsheet) Despite issuing $27.1 million worth of equity during this quarter, we think that its cost of equity is still higher than the cost of issuing any long-term debt. This is factoring in the current market conditions where the risk-free rate is higher than what it used to be, and expected market returns are depressed by the ongoing market correction. We anticipate an increase in equity risk premium after the macroeconomic headwinds subside, which is costly for the management to continuously raise capital through equity even at this point.Seeking Alpha • Jul 28
Lordstown Motors: Getting In Before The Surge
Lordstown Motors has introduced, and subsequently set back, their flagship all-electric pickup truck, the Endurance. Even as demand for all-electric vehicles continue to skyrocket, Lordstown's price action was lackluster as it lost investor confidence. However, I believe that those fears are overdone and that the company has a long-term potential of gaining around 300% through 2030, which can easily outperform the broader market. There aren't many people, let alone investors, who wouldn't have wanted to get into Tesla (TSLA) a decade ago or even a few years ago, while market analysts and the conventional wisdom was that they'll be close to bankrupt and not be able to sell the amount of electric vehicles they are selling today. I believe that Lordstown Motors (RIDE) is one of those candidates for 2022. There certainly are hurdles the company will face, most notably the established presence of companies like Tesla and other automobile companies, some of which have opened their first manufacturing plant over 100 years ago. But given the fact that the company has reached a deal with Foxconn (OTCPK:FXCOF) to help with raising capital for mass production of their flagship light pickup truck the Endurance - the prospects of the company meeting their already slimmed down delivery estimates is relatively high, and thus I believe the company's potential is vast relative to its current valuation. What's The Deal? The premise here is quite simple. Market experts expect the electric pickup truck market to sell around 25,000 vehicles in 2022, dominated by the likes of the Ford (F) F-150 Lightning. But by 2030, the same market analysis calls for there being a demand for about 1 million electric pickup trucks, a 40-fold increase over the span of about 8 years. My belief is that with the help of Foxconn, as well as them focusing solely on the pickup truck model without venturing into places unknown - they'll be able to 'pick up' quite a decent market share of that 1 million vehicle demand as they ramp up production. Expectations Are Conservative, Valuation More So Right now, the company expects to deliver about 500 vehicles in 2022, significantly down from their initial expectations when announced back in June of 2021. This is a result of supply chain issues which have plagued all automobile manufacturers as a result of ports closing throughout the COVID-19 pandemic. Analysts and company projections are calling for 2,500 deliveries in 2023, followed by around 10,000 in 2024. With a starting price of $52,500 per car, which is on the conservative side since most people who are spending that much on a pickup truck are likely going to go for upgrades, as we've seen with Tesla cars and others. This brings the following revenue projections for the next 3 years, where I assume a $2,500 reduction in price each year to account for efficiency, as stated by the company: Year Deliveries Unit Cost Exp. Revenue 2022 500 $52,500 $26.3 million 2023 2500 $50,000 $125 million 2024 10000 $47,500 $475 million (Source: Company expectations / Author calculations) For the following years, assuming an ~8% market share through 2030 means that the company will have the potential to deliver just shy of 80,000 vehicles a year in 2030, which with an average price of around $50,000 comes out to about $4.5 billion in revenue per year. This is assuming the company does not launch any other vehicles throughout that time period, an assessment which I believe is silly but for the purpose of this investment thesis I will assume. Before heading in to discuss valuation, which is the reason we're all here today, it's worth noting that these expectations and assessments are not without risk, and significant risks at that, given how crowded the electric vehicle market is. Reasons To Worry There are several reasons to worry about the prospects of success, most notably from competitive pressures like I mentioned earlier in the article from established automobile manufacturers who are already introducing new all-electric vehicles - including Ford with their F-150 Lightning which is the closest rival to the company's purposed Endurance light pickup truck. The second reason to worry is cash. The company started off strong with around $630 million after its IPO but then has been using that cash to ramp up hiring and manufacturing plans and now only holds $204 million in cash. This can potentially be enough for them to get started as we await money coming from potential pre-orders and other investment in the company but there is a risk that they won't be able to effectively scale up production, even if demand if high. There's a third, albeit less significant risk associated with geopolitical pressures which has been proven in the past to be important: tax credits. From administration to administration in the United States, the $7,500 tax credit for electric vehicles have been in and out of style and although this credit never stopped those who went for either the expensive Tesla cars or the more economical cheap versions, they do have an impact on the transition to all-electric vehicles for those contemplating a new vehicle purchase, given the higher cost. With an elimination of a $7,500 tax credit, the pickup truck categories can be hurt quite significantly, especially with the lower-cost F-150 Lightning and what's sure to be additional makes and model on the market by that point in time in 2025, 2029 or beyond. Valuation Presents Immense Opportunity The beauty of my belief in the company is that it's, for now, solely based on the Endurance sales and not on any future vehicles they may launch with or without Foxconn, which means the likelihood of them outperforming these 2030 expectations are quite high, giving us room for error if sales of the Endurance alone fall short.Seeking Alpha • May 12
Lordstown Motors - Close Of Foxconn Transactions Helps Company To Avoid Bankruptcy - For Now
Shares rally after an eleventh-hour deal with Foxconn limits near-term bankruptcy risk. Discussing details of the strategic partnership. Unfortunately, the Foxconn proceeds remain insufficient to fund the business for the remainder of 2022. According to management, the company will have to raise another $150 million this year. With the capital markets more or less closed to the company, it's difficult to envision Lordstown Motors securing $150 million in near-term funding. Investors should use any major relief rally to exit existing positions or even outright short the shares as bankruptcy remains the most likely outcome for the ailing company.Seeking Alpha • Apr 06
Lordstown: Huge Potential In FY 2022
Lordstown’s shares have soared lately. The EV startup is going to start production and sales of the Endurance pickup truck in FY 2022. Liquidity concerns still weigh on the EV startup’s shares.Seeking Alpha • Mar 18
Is Lordstown Motors Stock A Buy Or Sell In 2022?
Lordstown Motors' shares dropped post-results announcement despite narrower-than-expected losses and a confirmation that its production timeline for the Endurance stays the same as what was guided earlier. The fall in RIDE's stock price was attributable to concerns about the company's ability to conclude the contract manufacturing deal with Foxconn. Lordstown Motor is a Sell in 2022, as there is no certainty that it will be able to secure the financing it needs to commence production in Q3 2022.Seeking Alpha • Mar 04
Lordstown Motors - Stock Craters After Foxconn Deal Hits Snag - Sell
Strategic transaction remains in limbo as Foxconn has not agreed to the proposed terms of a joint product development and associated funding agreement. There's no apparent incentive for Foxconn to provide additional funding to the ailing company as its primary target appears to be the Lordstown facility. Given Lordstown Motors' stated inability to repay the down payments already received under the asset purchase agreement, Foxconn could simply walk away from the negotiations and foreclose on the plant. At least, in my opinion, bankruptcy appears to be the most likely outcome at this point. Even with the stock trading at all-time lows, a short sale could still yield decent results. Only the most speculative investors should consider shorting the stock at this point, as a successful close of the transaction is likely to result in a violent rally.Seeking Alpha • Dec 08
Why Lordstown Stock Might Fall Even Further
Lordstown Motors is a pre-revenue electric vehicle company. It had controversy in the past but is moving forward with a new CEO. Commercial production of the Endurance electric truck is expected to begin in Q3 2022 and scale to ~30,000 trucks in 2023. But that's not nearly enough scale to reach profitability. Their financials suggest they will continue to burn cash for several years. Down more than 80% from highs, the stock still looks overvalued.Seeking Alpha • Oct 17
Lordstown: Foxconn Deal Won't Save The Day
Lordstown is a struggling EV manufacturer that’s about to sell its plant to Foxconn. The company is still in the pre-revenue stage, it burns a significant amount of cash, and it won’t be able to start delivering its electric trucks until next year. There are all the reasons to believe that the Foxconn deal won’t save the day, as some of the major issues are still not resolved.Seeking Alpha • Oct 11
Lordstown Motors Stock Forecast: The Outlook After Dropping Over 50% Since April
RIDE's shares have fallen by -69% from its high in June, due to worries over potential competition and financing issues. Market consensus sees RIDE selling about 20,500 units of the Lordstown Endurance pickup in 2023, which I deem as relatively reasonable following comparisons with a rival's manufacturing targets. My rating for RIDE is Neutral, after taking into account the stock's price decline in the last few months and its outlook following the proposed sale of its production facility.Seeking Alpha • Oct 04
Lordstown Motors - Plant Sale And Foxconn Investment Still Insufficient To Cover Capital Needs
Company announces agreement in principle to sell its Ohio plant to Foxconn for $230 million in cash while keeping its hub motor and battery module production lines. Foxconn to invest $50 million in newly issued shares of the company. In return, Lordstown Motors will lease back a portion of the existing facility and enter into a contract manufacturing agreement whereby Foxconn would manufacture the Endurance pickup truck at the facility. Operating expenses have continued to trend above previous estimates, company has started to sell shares under its $400 million equity purchase agreement with YA II. Lordstown Motors still needs to raise substantial amounts of capital, most likely in the form of equity. With major dilution likely ahead, investors should consider selling existing positions or even outright short the shares.Seeking Alpha • Sep 09
Lordstown Motors: This May Be The Perfect Time To Buy
Lordstown is looking back at a couple of eventful and painful months. However, the EV maker could turn the page if production ramps up according to plan. Lordstown raised capital and should not be at risk of running out of money.Seeking Alpha • Aug 23
Lordstown Motors: Target Of A Smear Campaign
Entrenched interests are attacking Lordstown Motors. Every negative is now an upward catalyst when solved. Lordstown has run a cash-lean operation, getting the most from each dollar.Seeking Alpha • Aug 13
Lordstown Motors - Lacking Both Capital And A Valid Business Model - Sell
New management warns of significantly higher spending requirements and hints to a change in business strategy. Outsized cash usage will require the company to utilize the recent $400 million share purchase agreement with hedge fund YA II, a division of Yorkville Advisors rather sooner than later. Discussing the toxic character of the YA II financing agreement. Following the Q2 report and subsequent conference call, analysts reduced price targets across the board on expectations for massive dilution. At this point, it's difficult to envision a happy end for the embattled company as Lordstown Motors is lacking both a valid business model and the capital to develop and implement one. Investors should consider selling existing positions or even outright short the shares.Seeking Alpha • Jul 22
Lordstown Motors: Keep On eTruckin'
Lordstown Motors (RIDE) appears to have overcome the many challenges involved in bringing a new vehicle to market. Management has been revamped with the addition of seasoned professionals. Liquidity concerns remain but potential obstacles appear to have been cleared. Despite the binary nature of possible outcomes in the near term, I believe Lordstown will receive funding and ramp production and sales in 2022. Cautiously bullish on RIDE.Seeking Alpha • Jun 27
Riding With Lordstown Motors: It's Quite A Ride
Lordstown Motors might be a lucrative investment, but it comes with significant risk. Lordstown expects to be the first to deliver an electric pick-up in the U.S., but stiff competition exists. For the interested, out-of-the-money leap options might be the best approach.CEO 보수 분석
| 날짜 | 총 보수 | 급여 | 회사 수익 |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | -US$2m |
| Dec 31 2025 | US$533k | US$110k | -US$4m |
| Sep 30 2025 | n/a | n/a | -US$4m |
| Jun 30 2025 | n/a | n/a | -US$4m |
| Mar 31 2025 | n/a | n/a | -US$4m |
| Dec 31 2024 | US$192k | n/a | -US$11m |
보상 대 시장: Alex의 총 보수(USD532.62K)는 US 시장에서 비슷한 규모 기업의 평균(USD649.34K) 수준입니다.
보상과 수익: Alex의 보상은 회사가 적자임에도 증가했습니다.
CEO
Alex Matina (49 yo)
less than a year
재임 기간
US$532,616
보수
Mr. Alexander C. Matina, also known as Alex, is Independent Director of Range Capital Acquisition Corp II from October 2, 2025. He is Director of Nu Ride Inc. from March 2024 and serves as its Chief Execut...
이사회 구성원
| 이름 | 직위 | 재임 기간 | 보수 | 지분 |
|---|---|---|---|---|
| CEO, President | 2.2yrs | US$532.62k | 0.25% $ 87.0k | |
| Independent Director | 2.2yrs | US$224.06k | 0.46% $ 162.0k | |
| Independent Director | 2.2yrs | US$224.06k | 4.33% $ 1.5m | |
| Independent Chairman | 2.2yrs | US$384.08k | 0.25% $ 87.0k | |
| Independent Director | 2.2yrs | US$224.06k | 2% $ 707.6k |
2.2yrs
평균 재임 기간
56yo
평균 나이
경험이 풍부한 이사회: NRDE의 이사회는 경험이 부족한 것으로 간주됩니다(평균 재임 2.2 년) — 신규 이사회일 가능성이 있습니다.
기업 분석 및 재무 데이터 상태
| 데이터 | 최종 업데이트 (UTC 시간) |
|---|---|
| 기업 분석 | 2026/05/20 14:29 |
| 종가 | 2026/05/20 00:00 |
| 수익 | 2026/03/31 |
| 연간 수익 | 2025/12/31 |
데이터 소스
당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.
| 패키지 | 데이터 | 기간 | 미국 소스 예시 * |
|---|---|---|---|
| 기업 재무제표 | 10년 |
| |
| 분석가 컨센서스 추정치 | +3년 |
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| 시장 가격 | 30년 |
| |
| 지분 구조 | 10년 |
| |
| 경영진 | 10년 |
| |
| 주요 개발 | 10년 |
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* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.
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분석 모델 및 스노우플레이크
이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.
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산업 및 섹터 지표
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분석가 소스
Nu Ride Inc.는 7명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
| 분석가 | 기관 |
|---|---|
| John Murphy | BofA Global Research |
| Gregory Lewis | BTIG |
| Emmanuel Rosner | Deutsche Bank |