Lordstown Sinks on Renewed ‘Doubt’ About EV Maker’s Viability

Shares of Lordstown Motors Corp., the embattled electric vehicle startup, fell to fresh record lows after the company renewed a warning about its ability to continue as a going concern.

Lordstown said in a regulatory filing Friday it doesn’t have enough money to fund large-scale production or commercially launch the battery-electric pickup it plans to manufacture. That came two days after telling investors it was on-track to start limited production in September.

“The current level of cash and cash equivalents are not sufficient to fund commercial scale production and the launch of sale of such vehicles,” it said. “These ...