As mentioned above, it sounds like what is called "The Pad of Death". Which is overly dramatic, and can be repaired.

For the repair of this, and other Electro 35 problems, the following link is a good reference.

http://www.yashica-guy.com/document/repair.html

I have no personal association with the above site, but have found it to be a good reference. A good working Electro 35 is a very good camera.