Lordstown Motors loses $108 million in second quarter

Lordstown Motors has released its second quarter results.
After a $125 million loss in the first quarter of 2021, the company's losses continued with a $108 million next loss second quarter.
They still plan to begin a limited production of their electric pickup truck late next month.
"In the second quarter, we continued to make great strides towards our objective of delivering a revolutionary electric pickup truck," said Lordstown Motors' Executive Chairwoman Angela Strand.
Lordstown Motors is optimistic moving forward, as they retool for their upcoming production and strengthen their leadership team.
Strand says that they are also searching for strategic industry partnerships to invite into Lordstown's facility.
"The size and scope of our facility is such that we could easily accommodate additional manufacturing partners while still affording us the ability to build a successful Endurance program and leverage its skateboard for additional models in the years ahead," said Strand.