Lordstown Motors launched with huge ambitions — and a redemption story. Today it's scrambling for cash and trying to assuage investor anxieties.
The stumble of the much-hyped electric truck manufacturer offers a glimpse at the do-or-die moment facing many electric vehicle startups. They successfully sold an idea to investors. But now can they actually deliver vehicles to buyers?
It all started when the electric truck startup bought the giant Lordstown, Ohio, auto plant that General Motors had just shut down.