Lordstown loses USD 171.11 million in Q1, appears headed to end of production

On May 4, Lordstown Motors released a 10-K SEC report, in which it said it had sales of USD 189,000 in the first quarter of 2023 and net loss of USD 171.11 million, compared to a net loss of USD 89.63 million in the same period one year ago.
The bulk of the loss was a USD 114.44 million impairment of property, plant ....

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