The Lordstown Endurance EV has 174 miles of range, which is far less than earlier estimates of more than 250 miles car auto cars
offers EPA ranges of between 240 and 320 miles . Likewise, the Rivian R1T can travel between 289 and 328 miles .Lordstown doesn’t list the truck’s price on their website, but the model was originally slated to start at $52,500 before incentives. However, it’s largely a moot point as the F-150 Lightning begins at $59,974 and Lordstown is staring into the abyss.
As we’ve previously reported, Foxconn is trying to bail on Lordstown as the Taiwanese tech giant claimed the beleaguered automaker was in breach of their agreement as the company’s stock price fell below the minimum required for being listed on the Nasdaq. Lordstown fired back by saying the breach allegations were without merit and Foxconn was intentionally trying to “invalidly terminate” the agreement.
Shortly thereafter, a filing with the U.S. Securities and Exchange Commission revealed “Due to the production delays from early January to mid-April 2023, the failure to identify a strategic partner for the Endurance, and [our] extremely limited ability to raise capital in the current market environment, we anticipateSince those developments, Lordstown did a 1:15 reverse stock split to boost its stock price in “order to satisfy Nasdaq’s $1.00 minimum bid price requirement.
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