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Lordstown Motors Faked Orders for Electric Pickup That’s Years Behind Schedule: Report By Caleb Jacobs, The Drive © Provided by The Drive Hindenburg Research, the short seller whose investigation into Nikola Motors toppled the company s founder and set its stock into a tailspin last fall, now has set its sights on the electric truck startup Lordstown Motors. In an 8,000-plus-word report posted Friday morning, Hindenburg accused the Ohio-based company of pumping fake orders to artificially boost demand […] Burns responded publicly in an interview with the Wall Street Journal, condemning the report as being full of half-truths and lies while claiming that the company s touted list of 100,000 pre-orders were never supposed to be seen as firm commitments. He denied that production plans for the pickup truck are behind schedule, though no evidence was presented and the company itself has yet to formally respond.

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