Fisker Addresses Bankruptcy Rumors, Shares Surge Amid Strategic Shift

The electric vehicle maker focuses on raising capital and forming partnerships to navigate financial challenges and improve sales.

Fisker's stock surged after the company addressed bankruptcy rumors, emphasizing its focus on raising capital and forming strategic partnerships.
The EV maker's stock had plummeted following reports of potential bankruptcy and hiring restructuring advisors, impacting the broader EV market.
Fisker is exploring a shift to a dealer partnership model to improve sales and delivery efficiency, amid challenges with its direct-sales model.
The company's financial struggles include significant losses and a potential NYSE delisting due to its low share price.
Fisker's future hinges on securing additional investment and partnerships, as it faces a cash crunch and doubts about its ongoing viability.