Lordstown Motors
Fraud with a pickup truck.
CAUSE OF DEATH: Faked pre-orders. The Fyre Festival of EVs.
Fake Pre-orders, SEC Investigation, Empty Factory
8% hot · 12 votes
Lordstown Motors faked pre-orders, misled investors about demand, and built an electric truck that barely existed outside of press releases. They bought a GM factory, filled it with promises instead of vehicles, and called it innovation. The Fyre Festival of electric vehicles, except at least Fyre Festival had a beach.