It’s no secret that Lordstown Motors is in hassle. On Monday, we discovered that Lordstown was near chapter because it fought with Foxconn over cash points. The opposite a part of the issue is which you can’t run a profitable firm with no product to promote, and to this point, Lordstown has solely been capable of construct 40 Endurance electrical pickup vehicles. So issues are dangerous, and apparently, they’re not more likely to get any higher.

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CNBC stories that yesterday, as a part of an unscheduled quarterly submitting, Lordstown mentioned it expects that it must shut down manufacturing of the Endurance until somebody needs to present it more cash. And sadly for Lordstown, it doesn’t sound like anybody needs to present an organization that has solely managed to construct 40 vehicles more cash.

“Thus far, now we have not recognized a strategic accomplice for the Endurance. To the extent we don’t establish such a accomplice, we anticipate that manufacturing of the Endurance will stop within the close to future,” the corporate mentioned in its submitting.

Lordstown is reportedly nonetheless in discussions with Foxconn about additional investments, however it doesn’t sound just like the Apple iPhone producer has any curiosity in giving the electrical truck startup any additional money. And the percentages of anybody else giving Lordstown more cash are additionally low, with Lordstown reportedly pointing to an “extraordinarily restricted capability to boost capital within the present market setting” in its submitting.

Odds are, that is near the finish of the street for Lordstown. If it stops the manufacturing of a truck it barely makes within the first place, that appears inevitable, at the least. However you by no means know. Miracles occur. Faraday Future remains to be round in some way. Possibly a random billionaire will resolve to gentle some cash on hearth for enjoyable. Possibly Lordstown has just a few extra months, or just a few extra years.