Lordstown Motors

How it happened

Lordstown Motors was a US electric-truck startup that went public via SPAC in 2020 at a valuation near $5B, promising its Endurance pickup. Production shortfalls, a damaging short-seller report alleging inflated pre-orders, and a cash crisis derailed it. Employee reviews foreshadowed the credibility problem: from 2021 on, Glassdoor advice sections repeatedly urged leadership to level with shareholders and the public, while staff described weekend-and-overtime schedules without extra pay, chronic indecision at the top, and spending they considered undisciplined for a pre-revenue company. The company filed for Chapter 11 in June 2023 and survives only as the Nu Ride shell entity, down roughly 99% from peak.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.