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Lordstown Motors' latest snafu slams stock

Lordstown Motors, which recently warned it does not have enough cash to start commercial production and raised doubts about its ability to remain in business through the end of the year, has now revealed it does not have binding purchase orders or commitments from customers on its electric Endurance pickup truck.

Alphabet's Waymo raises $2.5B in fresh capital

Waymo co-CEOs Tekedra Mawakana and Dmitri Dolgov said the fresh capital will help Alphabet's autonomous vehicle unit advance its self-driving technology, Waymo Driver, and continue growing its team.