Lordstown Motors Corp (NASDAQ:RIDE) shares fell over 15% in the regular session on Thursday and declined another 6% in the after-hours session.

What Happened: RIDE is the second top-trending ticker on Stocktwits at press time, with some users backing the stock against what they allege are short-seller attacks against the electric vehicle maker.

The decline in Lordstown shares was steeper. On the same day, Wolfe Research downgraded the stock to Sell from Hold and cut the price target to $1 per share from $18.

Why It Matters: Lordstown is planning to launch its light-duty pickup “Endurance” — priced at nearly $52,000, later this year, noted Barrons. 

See Also: Fisker, Lordstown Could Be EV Latecomers, Goldman Sachs Says In Downgrade

The base model of Ford’s electric F-150 priced at $39,974. The truck is slated to go on sale mid-next year in the United States.

The Endurance has a range of 250 miles, while the Ford-150 Lightning has a range of 230 miles as standard and 300 miles with an extended-range battery pack.

Ford shares have risen 42.1% on a year-to-date basis this year, while Lordstown shares have plummeted 51.6% in the same period. 

See also: How to Buy Ford Stock

Price Action: Lordstown shares closed nearly 15.3% lower at $9.70 in Thursday’s regular session and fell another 5.67% to $9.15 in the after-hours trading. On the same day, Ford shares rose 3.14% in the regular session to $12.49 and added nearly 0.99% gains in the after-hours trading.

Read Next: Lordstown Failed To Pay $570K In Taxes Last Month: AP

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