Lordstown Motors continues to stumble. The beleaguered electrical automobile startup is now being investigated through the Division of Justice, along with an ongoing investigation through the Securities and Change Fee.

The investigation, first broke through the Wall Side road Magazine on Friday, remains to be in its early phases, consistent with unnamed assets. It’s being performed through the U.S. lawyer’s place of job in New york.

“Lordstown Motors is dedicated to cooperating with any regulatory or governmental investigations and inquiries,” an organization spokesperson informed TechCrunch. “We look ahead to remaining this bankruptcy in order that our new management – and full devoted group – can center of attention only on generating the primary and very best full-size all-electric pickup truck, the Lordstown Staying power.”

The probe is simply the most recent in a chain of woes for the startup, which lately stated it needed to lower manufacturing volumes for its debut electrical pickup, Staying power, through part — from round 2,200 automobiles to one,000. Only some weeks after it made that announcement, there adopted information of a company shakeup: the resignation of founding CEO Steve Burns and CFO Julio Rodriguez. Burns began the corporate as an offshoot of his earlier startup, Workhorse Staff.

Lordstown had a robust get started, with investments from Basic Motors that helped it acquire a 6.2-million-square-foot manufacturing unit from the main automaker in past due 2019. Lordstown made certain headlines remaining August, when it introduced it will move public by means of a merger with a distinct function acquisition corporate (SPAC). The deal injected the EV startup with round $675 million in gross proceeds and skyrocketed its marketplace worth to $1.6 billion. Not up to a yr later, Lordstown knowledgeable the SEC that it does no longer have enough capital to fabricate Staying power.

Then, in March, the short-seller company Hindenburg Analysis launched a file disputing the corporate’s claims that it had booked 100,000 pre-orders for the electrical pickup. It wrote that “in depth analysis finds that the corporate’s orders seem in large part fictitious and used as a prop to lift capital and confer legitimacy.” The SEC opened its investigation within the wake of those accusations.

The WSJ tale is unclear at the scope of the inquiry and the corporate declined to offer main points. TechCrunch will replace the tale if it learns extra.