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EV Startup Lordstown, Once an Ohio Town’s Savior, Files for Bankruptcy - WSJ

Lordstown once said it would produce hundreds of thousands of vehicles in the former GM plant in Lordstown, Ohio, but so far it has made only a handful of trucks. The company’s market capitalization has fallen to $47.49 million as of Monday, from a peak of about $5 billion in February 2021.

This plant used to be a big waypoint on my travels between home and points north. Unbelievable how many financial advantages this company had, and they still blew it.

Ultimately, it seems like the cost of swimming against the current trying to bring a product to market that few can afford, and even fewer want.

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