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Why Electric Last Mile Stock Just Crashed

TheMotleyFool

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Why Electric Last Mile Stock Just Crashed

Shares of Electric Last Mile Solutions (NASDAQ: ELMS), the electric delivery van company and recent SPAC IPO, skidded off the road Wednesday morning after the company announced simultaneous resignations of both its Chairman Jason Luo and its CEO James Taylor.

As of 11:45 a.m. ET, Electric Last Mile stock is down a whopping 37.1%

Image source: Getty Images.

Source Fool.com

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