The web of confusion surrounding Lordstown is slowly unraveling.
At first, they had over 100,000 pre-orders. Now, there are none.
As well, Lordstown is out of money.
Lordstown came on the scene about two years ago with plans to produce a fully electric pickup that would deliver on the promises of performance and capability. Originally, the Endurance pickup was to see production in late 2020 however the pandemic and other considerations put a stop to the schedule.
Report Finds That Lordstown Might Not Be Entirely Honest About What It’s Up To
So far this year, Lordstown has boasted over 100,000 pre-orders for the Endurance and named its battery provider, only to then see its house of cards crumble. While Ford, Rivian, GM, and Tesla are piling up pre-orders in the hundreds of thousands and more for their electric trucks, Lordstown has finally admitted that it does not have any binding orders for its Endurance truck, as reported by arstechnica.
It was discovered that the pre-orders were more or less fabrications and verbal agreements. This led Lordstown to cut its production plans in half followed by an announcement stating that they no longer had any funds to build the truck.
As of now, it’s not clear what will happen with the company and if the Endurance will ever see production.
