Ev startup lordstown motors signals steeper financial challenges in regulatory filing

EV startup Lordstown Motors signals steeper financial challenges in regulatory filing

Lordstown EnduranceOhio-based Lordstown Motors surprised investors and potential customers alike on Tuesday afternoon with a going-concern notice—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 Steve…