EV start-up Electric Last Mile Solutions to declare bankruptcy

The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the US market and will be produced at the Company’s facility in Mishawaka, Indiana. Electric Last Mile Solutions EV start-up Electric Last Mile Solutions said late Sunday it plans to file for … Read more

5 things to know before the stock market opens Monday, June 13

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Futures plunge, with S&P 500 poised to fall back into a bear market Traders work on the floor of the New York Stock Exchange (NYSE) on June 10, 2022 in New York City. Spencer Platt | Getty … Read more

Electric Last Mile shares plummet to $1 after company confirms SEC probe

The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the US market and will be produced at the Company’s facility in Mishawaka, Indiana. Electric Last Mile Solutions DETROIT – Shares of EV start-up Electric Last Mile Solutions plummeted during intraday trading … Read more

Probes, executive upheaval continue to tank SPAC-backed EV start-ups

Electric Last Mile Solutions CEO James Taylor wanted to separate his electric vehicle company by staying out of controversies that had engulfed many of his competitors. “We have no lawsuits; no management issues, that we’re aware of; we’re delivering; we’re keeping our nose clean,” the former General Motors executive told CNBC in early November, calling … Read more

Shares of EV start-up Electric Last Mile plunge more than 50% after CEO, chairman resign

The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the US market and will be produced at the Company’s facility in Mishawaka, Indiana. Electric Last Mile Solutions Shares of Electric Last Mile Solutions plummeted Wednesday by more than 50% after the … Read more