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Lordstown Motors RIDE Q1 2022 earnings loss Foxconn

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The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020.

Matthew Hatcher | Bloomberg | Getty Images

Struggling electric vehicle start-up Lordstown Motors said it’s on track to begin production of its Endurance pickup in the third quarter, about a year later than originally expected. Yet even if it hits that start date, the company expects to lose money on every one of the roughly 500 trucks it hopes to ship by year-end.

Whether Lordstown will survive long enough to face that challenge is still in question. The company’s financial future hangs on a deal it struck last September to sell its Ohio…



Source cnbc.com

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