Lordstown Motors slashes production forecast for its electric pickup – TechCrunch

Lordstown Motors’ cash-rich SPAC dreams have turned out to be nothin’ more than wishes. The automaker reported Monday a disappointing first-quarter earnings that was a pile-up of red ink-stained negativity. Lowlights include higher-than-expected forecasted expenses, a need to raise more capital, and lower-than-anticipated production of its Endurance vehicle this year – from around 2,200 vehicles…

Lordstown Motors slashes production forecast for its electric pickup – TechCrunch

Lordstown Motors’ cash-rich SPAC dreams have turned out to be nothin’ more than wishes. The automaker reported Monday a disappointing first-quarter earnings that was a pile-up of red ink-stained negativity. Lowlights include higher-than-expected forecasted expenses, a need to raise more capital, and lower-than-anticipated production of its Endurance vehicle this year – from around 2,200 vehicles…

Lordstown Motors slashes production forecast for its electric pickup – TechCrunch

Lordstown Motors’ cash-rich SPAC dreams have turned out to be nothin’ more than wishes. The automaker reported Monday a disappointing first-quarter earnings that was a pile-up of red ink-stained negativity. Lowlights include higher-than-expected forecasted expenses, a need to raise more capital, and lower-than-anticipated production of its Endurance vehicle this year – from around 2,200 vehicles…