Ohio-based Lordstown Motors dropped a surprise going-concern notice for investors and potential customers alike on Tuesday afternoon—essentially declaring that without additional capital, it won’t have enough money to ramp up production of its Endurance electric trucks. In last month’s call with investors, Lordstown Motors CEO... EV startup Lordstown Motors signals steeper financial challenges in regulatory filing
Ohio-based Lordstown Motors dropped a surprise going-concern notice for investors and potential customers alike on Tuesday afternoon—essentially declaring that without additional capital, it won’t have enough money to ramp up production of its Endurance electric trucks. In last month’s call with investors, Lordstown Motors CEO...