Hyperdrive
Electric-Vehicle Startups Run Low on Cash After SPAC Deals
Canoo, Lordstown Motors and Fisker make unnerving disclosures in midst of market slump.
Lordstown Motors headquarters in Lordstown, Ohio.
Photographer: Dustin Franz/BloombergThis article is for subscribers only.
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Several electric-vehicle startups that went public by merging with special purpose acquisition companies, or SPACs, the last two years made some nervy disclosures this week.