Lordstown Founder And Ex-CEO Cashes Out Remaining Stake In EV Startup via InsideEVs
Targeted primarily at fleet customers, the Endurance was revealed back in 2020 and reached production in September 2022. That said, financial constraints have heavily impacted production and just a handful of trucks have reached customers so far.
The Endurance also heavily underperformed when its range was recently tested. Despite being powered by a 109-kilowatt-hour battery pack, the Endurance only delivered 174 miles of EPA range. Lordstown originally anticipated that its truck would have an EPA rating of roughly 250 miles. The Endurance has four electric motors, generating 550 horsepower in total. A capable work vehicle, the Endurance can tow up to 8,000 pounds. It can also launch from zero to 60 mph in 6.3 seconds, which is quick for a vehicle of its size but still significantly slower than other electric trucks like theFrom a pricing perspective, the Endurance doesn't make much sense for most buyers.
Do you think Burns made the correct decision to cash out? Let us know your thoughts in the comments section below.
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