Electric vehicle start-ups hit speed bumps after heady public floats

Electric vehicle start-ups hit speed bumps after heady public floats

Several electric auto start-ups that raised large sums from investors in the wake of Tesla's ascent are hitting potholes as they pursue next-generation vehicles.

The most recent crisis occurred at Lordstown Motors, which announced on Monday the sudden departure of two top executives after warning last week it needed more capital to keep operating.

Company officials plan a series of events dubbed “Lordstown Week” later this month to shore up investor support.