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EV Maker Lordstown Falls on SEC Look at Short-Seller Claims


EV Maker Lordstown Falls on SEC Look at Short-Seller Claims
Bloomberg
4 days ago
David Welch
© Bloomberg
The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. The Trump administration is counting on Lordstown Motors to salvage political capital lost when GM decided to abandon the Ohio plant last year.
(Bloomberg) Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission.
Shares of Lordstown fell as much as 7.2% to $14 before recovering somewhat after the company reported fourth-quarter results. The stock was down 25% this year through the close Wednesday in New York. ....

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