Lordstown Endurance pickup gets EPA-rated 174 miles of range
makes the only other electric pickup on the market now, but a 135-kW pack is the smallest that can be fitted at the moment; the 105-kWh pack still isn't in production. While the Rivian on 20-inch wheels is a little less efficient in EPA testing, at 520 Wh per mile, theThere's still a place for a pickup with 174 miles of range on the market — plenty of vehicles infleets won't cover that distance in a workday. But we can't see a place for the Endurance at the price Lordstown wants.
The EPA numbers put pressure on Lordstown's ability to find a place for itself, as a company, in the market. A number of nascent electric-vehicle makers have been hit with warnings from the NASDAQ stock exchange this year about stock prices being too low. When a stock falls below $1 per share for more than 30 days, the company risks being delisted. Mullen already worked through the issue, performing a stock split that got the price temporarily above $1; it's back under $0.
In Lordstown's case, the typical fallout from delisting would be made worse by affecting funding agreements it has with Foxconn. The Chinese manufacturer said it would cancel the deal to buy 10% of Lordstown's common stock for $43.7 million if Lordstown weren't on the stock exchange. The question is how does Lordstown stay above the $1 water line with an expensive, troubled truck that hasn't begun to prove the maker's claims.
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