Electric auto startups hit speed bumps after heady debuts

Several new electric vehicle manufacturers have hit snags, with the part forward not as optimistic as what was sold to investors. — REUTERS

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.