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Lordstown Motors Sinks 19% as The Electric Vehicle Maker Cuts Production Outlook and Seeks More Funding

The Endurance truck with Lordstown Motors CEO Steve Burns. Lordstown Motors shares fell 19% on Tuesday after saying it needs more money to execute its plans.It forecast cash and cash equivalents of $50 million to $75 million by year’s end, lower than the previous outlook of $200 million.Lordstown said it’s been hurt by challenges including […]

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