What are 4% of the people who plan to buy an EV truck going to do now?
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Lordstown Motors (RIDE) in trouble
Lordstown Motors filed a Going Concern Notice with the SEC today, my understanding is that means they need cash now, or BK and liquidation is a real possibility?
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Haha, maybe buy a Hummer EV?What are 4% of the people who plan to buy an EV truck going to do now?
From their filing: "We require additional capital to implement our business plan, and it may not be available on acceptable terms, if at all, creating substantial doubt as to our ability to continue as a going concern."
Ya, that is seriously alarming language.... I sure hope GM does not end up with that tired Lordstown factory back, that would be a nightmare...From their filing: "We require additional capital to implement our business plan, and it may not be available on acceptable terms, if at all, creating substantial doubt as to our ability to continue as a going concern."
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