The Globe and Mail reports in its Thursday edition that Taiga Motors has lost half its market value after suspending production and posting financial results that suggest its future is in jeopardy without another major cash infusion. The Globe's Nicolas Van Praet writes that shares in the Montreal maker of electric snowmobiles and personal watercraft fell Wednesday by 53 per cent in trading in Toronto, closing the day at 30 cents. That would give the company a market capitalization of about $9.6-million. When it went public in April, 2020, the stock traded above $14. Taiga announced late Tuesday it would pause production indefinitely and temporarily lay off about 70 workers in response to what it called a challenging "economic context" and unusually mild winter, which hurt sales of its snowmobiles. The company, which employed about 300 people last fall, cut 30 jobs in February and has slashed its work force by a third since then. Led by founder and chief executive officer Sam Bruneau, Taiga is trying to revolutionize the powersports industry with its all-electric vehicles -- bringing an environmental sensibility to a sector historically hooked on loud, revving engines. The company has struggled to scale up production.