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Electric auto startups hit speed bumps after heady debuts

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AFP

New York (AFP) – Several electric auto startups 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 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.  But local government officials are not sure what to make of the company, which had discussed adding more than 2,000 jobs in…

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