Lordstown Motors Reports Deepening Losses - WSJ

The company warned last year it was burning through cash faster than expected. In September, it agreed to sell its Ohio factory to Foxconn Technology Group, which will take over manufacturing of Lordstown’s vehicles at the factory.

This company has been coddled with political support, subsidy support, Wall Street cash, sweetheart deals, tax credits, and gifts galore. With all of that wind at it’s back, it still can’t pull off a single product launch.

Textbook market distortion.