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Lordstown Motors Expects to Produce Only 3,000 Electric Pickups Through 2023

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Those plans include only vehicles this year once retail production is slated to begin in the third quarter.

Lordstown Motors expects to produce and sell up to only 3,000 vehicles through next year, the company announced Monday.

The production and sales are far below the amount former management sold investors on when the company went public in 2020.Embattled electric vehicle start-upexpects to produce and sell up to only 3,000 vehicles through next year, the company announced Monday. Shares of the pre-revenue company dropped by more than 8% during pre-market trading before recovering to about even. Shares of the company closed Friday at $3.21 a share, up by 2.2%.

 

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