Automotive company Lordstown Motors RIDE reported its third-quarter financial results after the close Thursday and provided a company update on its timeline. What Happened: Lordstown reported a net loss of $95.8 million in the third quarter and no revenue. The company ended the quarter with $233.8 million in cash. Earlier this week, Lordstown Motors announced an update on its partnership and asset sale with Hon Hai Precision Industry, also known as Foxconn. Lordstown is selling its Lordstown plant in Ohio to Foxconn and will enter into an agreement that will see Foxconn manufacture its Endurance electric pickup truck. The plant will be sold for $230 million with payments made of $100 million in November, $50 million in February 2022, $50 million in April 2022 and an additional $30 million at a later date. Foxconn made a $50 million equity investment in RIDE shares in October at a price of $6.90 per share.