The New Paper

June 9, 2021

Lordstown says it does not have enough cash for commercial production

Electric vehicle company Lordstown Motors disclosed that it does not have enough cash to begin commercial-scale production for its vehicles in an SEC filing yesterday (source). The news prompted the 3-year old company’s shares to drop by 16% yesterday.
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This story is from the June 9, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.