Electric vehicle maker has warned investors it’s running low on funds as it works toward bringing its products to market. It said that, due to the timing of the announced funding and some other factors, it has “substantial doubt about the company’s ability to continue as a going concern.”
“We have been clear about our philosophy of raising capital judiciously and will continue with this disciplined approach,” CEO Tony Aquila . “We have more than $600 million in accessible capital to support Start of Production (SOP). As operators and investors, we have significant experience raising capital in challenging markets —