The company’s woes are symptomatic of a wider malaise among companies that make batteries for electric vehicles.
The company became the latest electric vehicle start-up to fail to meet investors’ expectations after a high-profile public debut.
Trevor Milton, who founded the truck company Nikola, will be sentenced on Monday in a fraud case that exposed the excesses in the electric vehicle business.
Mr. Ford, the executive chairman of Ford Motor, said nonunion automakers would make gains against Michigan automakers because of strikes by the United Automobile Workers union.
The company bought a shuttered General Motors plant in Ohio but struggled to produce its pickup truck.