EV Maker Lordstown Falls on SEC Look at Short-Seller Claims
- Company says it’s cooperating with inquiry from regulators
- Management says demand strong, sidesteps short’s claims
The Lordstown Motors Corp. Endurance electric pickup truck.
Photographer: Matthew Hatcher/BloombergThis article is for subscribers only.
Electric-truck startup Lordstown Motors Corp. fell in extended trading after reporting it received an inquiry on its operations from the Securities and Exchange Commission.
Shares of Lordstown fell as much as 7.2% to $14 before recovering somewhat after the company reported fourth-quarter results. The stock was down 25% this year through the close Wednesday in New York.