Morgan Stanley downgrades Lordstown Motors, lowers price target to just $2

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Jesse Pound@/in/jesse-pound@jesserpound
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Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors' assembly plant in Ohio.
Michael Wayland / CNBC

Shares of troubled electric vehicle start-up Lordstown Motors could fall even more, according to Morgan Stanley.