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Lordstown Motors Admits There Were No 'Binding' Orders For Its EV Pickup

Short sellers earlier this year accused the electric vehicle maker of faking orders. The company's chief executive Steve Burns responded saying "haters gonna hate." But this week, in an SEC filing, Lordstown Motors backtracked on its claim that there were "binding" orders for its EV pickup. The mistake cost Burns his job, along with that of the company's chief financial officer. And now Lordstown is warning it could go out of business.

Lordstown Motors Admits There Were No 'Binding' Orders For Its EV Pickup

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